Are we headed for a global recession?
Bill Woods speaks with Robert Gottliebsen, Business Columnist with The Australian, about warnings of an incoming global recession that are growing louder by the day.
Mr Gottlieben writes, ‘The first cracks in the Australian retail spending boom have appeared, and they are going to get a great deal worse’.
‘Just as Australia’s official figures obscure what is actually happening, Chinese suppliers to the US and FedEx are alerting Australians to the extent of the actual US downturn, which has not yet hit the statistics’.
‘Add Europe, and we are looking at the danger of a serious global downturn that Wall Street is starting to appreciate.’
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