Recession

[MelanieJS]

Is Brisbane (or Australia as a whole) likely to go through a recession anytime soon? I keep hearing conflicting talk.

 

Anyone have any idea?

[scuffythetugboat]

Who knows? Things are tickertyboo here, if you ask any government politician, but anyone out of work would tell you otherwise. I'm doing alright, but a couple of my brothers are not. They've been out of work for along time.

[Richard01]

Is Brisbane (or Australia as a whole) likely to go through a recession anytime soon? I keep hearing conflicting talk.

 

Anyone have any idea?

The 'boom' has definitely gone in some areas, although they were riding on a crest of a wave for some years

Perhaps look at it as an opportunity depending on what currency that you are reliant on, UK versus Oz $ seems depressed pending euro debate which isnt helping people with UK money

[Gbye grey sky]

You will receive responses from people in Perth which has ridden a wave of mining jobs but is currently in a period of decline and rising unemployment it seems. Brisbane appears more 'steady as she goes' with little change in unemployment or the cost of housing over the years for example.

 

I don't see any signs of a recession in Brisbane but then recession on a personal level is not getting a well-paid job and there are winners and losers everywhere however the general economy is going.

[calNgary]

Over the last 8 years i have read quite a few posts on here saying 'Aus is going into recession' as it stands, company's are still employing, new business are still opening up, houses are selling etc etc so i think things are ticking over just fine, albeit not to the extremes we saw 10 years ago.

 

Cal x