No Green Shoots in the Aussie Economy | BTalk Australia
BNET Australia Contributors
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BNET Australia Contributors
Brian Haverty is editorial director for CBS Interactive Australia and is responsible for the company's BNET and ZDNet Australia sites.
Robert Gerrish is a coach, author and professional speaker and the founder of Flying Solo, an Australian online community for solo business owners.
Melissa Lourenco is the HR manager for CBS Interactive in Australia.
Chris Golis is the author of The Humm Handbook: Lifting Your Level of Emotional Intelligence. He runs seminars and workshops on EQ.
Suzi Dafnis is Community Director of the Australian Businesswomen's Network.
Yvonne Adele helps organisations build a culture of ideas by teaching people at all levels to access their untapped creative thinking skills.
(Episode 271: 11 minutes 30) Some people, like billionaire hedge fund manager George Soros, believe the worst of the economic downturn is behind us. The media seems to have switched its outlook from pessimism to optimism. Shares have shown growth over the last few months. So, are we about to climb out of the global financial crisis?
“No” is the short answer according to credit reporting agency Dunn and Bradstreet. Their latest quarterly Global Economic & Risk Outlook report says Australian GDP will contract by 0.9% this year.
The World Bank agrees that the outlook is not bright. They have just downgraded their forecasts, saying the global economy will shrink by 2.9% this year, with a 10% drop in global trade making a rapid recovery next year all the more unlikely.
In today’s BTalk Australia Phil Dobbie talks to Christine Christian, Dunn and Bradstreet’s CEO, about the outlook for the Australian economy.
Add your views in the Talkback section at the end of this post.
See also: Recession is Only the Beginning | BTalk Australia
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