Every week I look experts are extending their forecast for deeper falls - remember most of them didnt see this coming, and are constantly revising down...
I still don’t think many people in Australia have considered how serious this could be - so many commentators and even the RBA making comments like interest rates or unemployment aren’t an issue so we se no major problem here.
If this is prolonged, my question is simply how long until it starts to hit employment? Remembering of course that we already have significant issues with underemployment that are being masked by poor statistical data collection.
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