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Mining downturn could cause recession

Posted on 24 July 2012

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


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