Its now officially a recession

Discussion in 'Property Market Economics' started by MTR, 4th Jun, 2020.

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  1. MTR

    MTR Material Girl Premium Member

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  2. SatayKing

    SatayKing Well-Known Member

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  3. MTR

    MTR Material Girl Premium Member

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  4. MTR

    MTR Material Girl Premium Member

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  5. twobobsworth

    twobobsworth Well-Known Member

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    Automotive parts & accessories industry hasn't been this busy in decades. Look at shares BAP - Bursons Auto Parts and ARB. Powering through.
     
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  6. Scott No Mates

    Scott No Mates Well-Known Member

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    No wonder we're all feeling down. :oops:
     
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  7. Hari Yellina

    Hari Yellina Well-Known Member

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    Unlimited money printing.
     
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  8. kierank

    kierank Well-Known Member

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    Who cares?

    If you do, go to the UK and swallow 20% :eek:.

    The coming golden era will be even more beautiful :p.
     
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  9. albanga

    albanga Well-Known Member

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    Time for every house to have fiber to the premises and every major city linked with fast rail.

    You want serious quick sugar hits then starting banging out hospitals.

    Stop wasting time and money with absolute fluff like home builder. Worst attempt at stimulus I have ever seen.m

    We need serious projects, fast tracked at serious pace that will have a serious long lasting impact to this great country.
     
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  10. Mark F

    Mark F Well-Known Member

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    Quoting from the ABC: COVID recession confirmed as Australia's economy posts its biggest fall on record

    'Deloitte Access Economics senior economist Sheraan Underwood noted that only a handful of countries had seen smaller GDP falls than Australia, and they were generally ones where the virus was even more well-contained.

    "The underlying equation is simple," he observed.

    "The greater the success against the virus, the greater the success in protecting economies against the pandemic."
     
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  11. MTR

    MTR Material Girl Premium Member

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    Interesting, our GPD not too far behind USA.

    Which top economies have suffered worst GDP fall due to COVID-19?

    Sweden did not have restrictions but surrounding borders were closed which impacted on their economy.
    But GDP in Sweden only 8.6
     
    Last edited: 2nd Sep, 2020
  12. MTR

    MTR Material Girl Premium Member

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    21.7
     
  13. MTR

    MTR Material Girl Premium Member

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    India ..... omg. 23.9 drop GDP.....ouch
     
  14. Bill Williamson

    Bill Williamson Well-Known Member

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    I got my hopes up for a Rudd style stimulus cheque...
     
  15. Tony3008

    Tony3008 Well-Known Member

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    I watched most of JF's press conference. What didn't get mentioned (or I missed it) is the massive sugar hit from super withdrawals which won't be repeated.
     
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  16. geoffw

    geoffw Moderator Staff Member

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    Australia 7%, US 9.1%. Respectable in comparison.

    Sweden has done better than Europe as a whole, but comparable to or worse than other Scandinavian countries. Denmark 8.5%, Norway 5.3%, Finland 5.2%.

    Which countries have protected both health and the economy in the pandemic?
     
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  17. MTR

    MTR Material Girl Premium Member

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    Looking at this list.....I would be wary of the accuracy, some are not developed countries.
     
  18. geoffw

    geoffw Moderator Staff Member

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    I've mentioned US, Australia, Sweden, Norway, Denmark and Finland. Which one is not a developed country?

    And what difference does that make?
     
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  19. MTR

    MTR Material Girl Premium Member

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    referring to the link you posted
    Its a bit of a stretch
     
  20. geoffw

    geoffw Moderator Staff Member

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    You've made a statement putting down something I've posted, without any factual data to support your assertion. It's not the first time.

    "Our World in Data" is rated by mediabiasfactcheck.com
    Do you have something to demonstrate that the numbers I've posted are incorrect? They broadly agree with numbers I've seen elsewhere.