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Old 03-04-2009, 09:52 PM
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Post Recession looks inevitable for Australia as economy contracts

There are fears for Australia after its economy contracted by 0.5% in the October to December period last year - the first time in eight years that the economy had slipped into negative territory. In comparison, the Japanese, the US and the UK economies experienced a fall of 3.3%, 1.6% and 1.5% respectively in the fourth [...]

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