By Adeline Teoh · 22 July 2008 · Cashflow
Discover the shocking truth about the difference between economic downturn and recession. Find out what's at stake for your finances and the future of Australia's economy.
Australia has been benefiting from an economic boom for so long that we seem to have forgotten the low plateaus of economic downturn and recession. But does economic downturn necessarily mean recession? The generally accepted definition of recession is a period of negative growth over three successive quarters in an economy. Often tied to gross […]
Tags: Cashflow, Economic Downturn, Growth | Import | Export, Negative Growth, Nukte, Recession, Subprime Mortgage