| 20.07.2009 - Strong Australia property sector helps country avoid recession |
| From Homesoverseas.co.uk: Australia’s economy has so far managed to avoid “catching the recession bug” that has plagued so many other countries around the world thanks to the strong Australia property market, according to Besa Deda, a chief economist at St.George Bank. Writing on ninemsm’s money section, Deda said: “Economic conditions in Australia have weakened but not yet enough to satisfy the technical definition of a recession...........Full Article: Source |