Viewing entries tagged with 'global financial crisis'

The second coming of the GFC?

Posted by on 10 February 2012 | 0 Comments

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Much has been made in the media about Australia surviving the global financial crisis (GFC) or ‘Eurogeddon' as some of the finance crowd labelled it. On the ground however, the headlines concealed the reality of a patchwork economy where some industries pushed ahead while others were flailing in a sea of weakening consumer confidence, heavy discounting, tight lending conditions, and billowing debt cycles.

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