24.07.2012 - Mining downturn could cause recession
Residential construction and non-mining investment will overtake the resources sector within five years, forcing thousands of mining employees out into the cold, according to another economics forecast predicting a downturn in mining. BIS Shrapnel's report released today says there is a 25 per cent chance that commodity prices will plummet so far it would cause Australia's economy to enter a recession, with attached falls in interest rates and the Australian dollar failing to counter the decline...............................................Full Article: Source
Print