Well, it’s official Nu Zulun is in recession. Or at least we have talked ourselves into a recession. A few days ago we were “slipping into recession”.
Who's gonna help us!
And before that “the economy was softening”.
It’s hardly a hard science. But they give so-called empirical evidence using the language of science. It is now a “technical” recession. (ie. Two consecutive three months periods of contraction (sounds like a long hard labour!). And admittedly we’ve been had by labour for a long time.
So now we are “in the grip of a recession.” This recession folks has got us by the short and curlies! We have “to tighten our belts.”
Even the BBC says so … we are in contraction.
What is contraction? Negative growth folks. - 0.3% the quarter before this and probably something similar this last June quarter.
So
the lolly scramble is over! But on the bright side the dollar is heading down and overseas students are heading our way agin!
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