Australia MIGHT go into a recession (2 Viewers)

SylviaB

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I mean u r unemployed who spends most of his time on a forum for teenagers so u wont be affected regardless
I am wealthy professional in industry not affected by recessions so I don't care, and if anything it will just mean my income stays the same while prices fall

But it will be good to see a bunch of young women in sydney crying that they lost their busy-work office jobs that they thought were so important and which they thought they should get paid 200 grand for doing
 

Hehehe22

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Australia's oddly good at avoiding recessions (take GFC for example) so I don't think it'll happen. We literally just got out of a per capita recession, plus it's predicted that we'll experience increasing growth in the coming year (after the cash rate cut). Right now it's mostly just the US economy that's in turmoil
 

ukwehiewh

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the US isn't australia's biggest export market for australian aluminium and steel exports, so we won't be experiencing reductive impacts too heavily in the meantime
 

iloveeggs

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I am wealthy professional in industry not affected by recessions so I don't care, and if anything it will just mean my income stays the same while prices fall

But it will be good to see a bunch of young women in sydney crying that they lost their busy-work office jobs that they thought were so important and which they thought they should get paid 200 grand for doing
lmao i cannot help but think how hilarious it is to be some wealthy professional and still set aside time in your day to ragebait teens on the internet

thanks sylvia youre my inspiration 😍
 

enoilgam

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Australia's oddly good at avoiding recessions (take GFC for example) so I don't think it'll happen. We literally just got out of a per capita recession, plus it's predicted that we'll experience increasing growth in the coming year (after the cash rate cut). Right now it's mostly just the US economy that's in turmoil
One of the things that changed my perspective on life and the media was back in 2020 when Australia broke the record for the longest period without a recession (it was 30 years, to put that in perspective, the longest the US has gone without one is 10 years). That achievement was barely celebrated, relegated to a small paragraph on page 10 of most papers. You think that we as a country could say, "Things arent perfect, but boy what a testament to the country as a whole, governments, individuals, Australian industry etc". But no, it just came and went without much fanfare. It dawned on me that the media just peddle in misery, it doesnt matter how great things are the media will spend 99% of its time on the negative.

lmao i cannot help but think how hilarious it is to be some wealthy professional and still set aside time in your day to ragebait teens on the internet

thanks sylvia youre my inspiration 😍
I know of an Intensive Care Doctor who trolls people online. In the immortal words of a former Moderator, "It's the internet dont take it too seriously".
 

enoilgam

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we were discussing this in economics today
due to the tariffs and the high chance of the USA going into a recession we might go into one too

any thoughts?

also apparently Trump increased the tariffs on Canada to 50%!!! THAT'S LIKE CRAZY
I think Australia has some good fundamentals that can keep it out of a recession. At the same time, Australia does need to do more with respect to boosting private investment and private industry. The US is always considered the gold standard of attracting private investment but the instability presents a chance to start attracting some capital away from the US. The problem is the government seems to not be looking at this too hard which is a shame.
 

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