Don't say the r-word!

Switzer, Peter
December 2008
Chartered Accountants Journal;Dec2008, Vol. 87 Issue 11, p70
The article reports on the impact of economic downturn of the business enterprises in China and India. According to Treasurer Wayne Swan in the mid-year economic and fiscal outlook, the unemployment is forecast to rise to 5.75% by June 2010 from its current level of 4.3%. In addition, business confidence fell from minus 8.4 to minus 29 in October and that is to be expected as October was the day that the world stared over the financial abyss.


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