"The Australian economy is heading for a potentially catastrophic collapse from a devastating squeeze between a sudden and dramatic drop in demand for our major resource exports and a crippling increase in the cost of new projects.
Ground zero is now the exploding LNG (liquified natural gas) sector."
The retailpropshop : Not everything seems right in Asia... Along China and Japan, the Australian economy seems suffering from low global growth and decreasing commodity prices, and could finally end this 21 years streak without recession.
Read more: http://www.news.com.au/news/warning-derelict-economy-ahead/story-fnii5sd6-1226651710467#ixzz2UabhQRKW
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