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Posted by on 4 May 2009 | 0 Comments
Tags: Recession
Treasurer Wayne Swan came out last month and confirmed what the rest of us have known for some time; Australia is in a recession. Many of us suffered when the ASX200 plummeted from a high of 6,779 in October 2007 to 3,296 in February this year as more than 30 international banks struggled to survive. We’ve felt the consumer fear as retail sales declined and uncertainty and security pervaded the consumer psyche. And finally, we’ve watched the unemployment rate creep up as business cuts back their vision and their workforce to match.
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Suite 2.10 Level 2 Platinium Building
4Ilya Ave
Erina NSW 2250
PO Box 3343
Erina NSW 2250
Tel: (02) 43657222
Email: mail@saige.com.au
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