The Australian economy has escaped the full impact of the global financial crisis (GFC). Unlike most other countries we have not fallen into recession despite the worst downturn in the economy since World War Two.
The real positives are:
These positives are largely as a result of several factors:
So while there are many positives I don’t believe we are out of the woods yet. Some of the information comming out from top economists indicate we are only about half way through the GFC. So that means 2010 may also be a difficult year. But where there are difficulties there are also opportunities.
These opportunities will become clearer to you if you continually:
So while our economy here in Australia is relatively stable, there are still some challenging times ahead. Whether you run a small business or you are wage earner, make sure you consider the above 5 points & how they may apply to your situation and get ready for 2010 & beyond.
After graduating year 12, Dan began his banking and finance career at Westpac Banking Corporation in Brisbane in 1988. He worked for the bank for seven years, excelling in his career and working his way up to management.