Will Australia’s economy be hit for six next year, or will we block out the recession? And what does all the recent discussion of recession mean for the finance sector and the jobs market?
Finance minister Lindsay Tanner is keeping upbeat. He reckons interest rate cuts, combined with increased government spending and a relatively weak Aussie dollar, will encourage exports and stimulate the economy.
Does Tanner’s talk ring true for you? Or is more economic and employment anguish heading our way?
The doom merchants may well have a point. Economic growth was marginal in the September quarter, which some economists believe is a sign that recession will arrive in the first half of 2009.
Will a domestic recession deal a killer blow to a banking-jobs market already reeling from the global financial crisis?
Pain or gain in 2009? Give us your thoughts below.