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/u/Horatio4040 on ‘Levels not seen since the GFC’: NAB calls the retail recession

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'GFC-level terrible': Australian retail drops into recession. – "While the retail industry has lagged the other sectors for some time, the recent deterioration has seen conditions in the industry fall to levels not seen since the GFC," he said. "This suggests that the consumer remains highly cautious with anything but spending on essentials because of ongoing slow income growth, high debt levels and possibly some concerns over falling house prices."

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Australia's "Grim" Retail Sector "Clearly In Recession. – A leading Australian business survey has concluded that the continent’s retail sector is "clearly in recession". New data from NAB shows Australia’s "Index of. A leading Australian business survey has concluded that the continent’s retail sector is "clearly in recession". New data from NAB shows.

Australia's "Grim" Retail Sector "Clearly In Recession. – A leading Australian business survey has concluded that the continent’s retail sector is "clearly in recession".. New data from NAB shows Australia’s "Index of Business Conditions" falling by 2 points in May, putting it well below its long run average. The data comes a week after Australia’s Reserve Bank was forced to cut interest rates to its lowest level in history and.

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Topic | Retail property | The Sydney Morning Herald – Commercial real estate ‘Levels not seen since the GFC’: NAB calls the retail recession. The bell has tolled for the retail sector, with the bank declaring the industry is "clearly in recession".

'Levels not seen since the GFC': NAB calls the retail recession – culture & society ‘Levels not seen since the GFC’: NAB calls the retail recession. We will see what 10 years of recession means and join countries like Japan who went through the same stupid property boom scam that has kept them in recession for more than 10 years.. Both of which reduce.

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Business conditions at their worst level since 2013, with. – The retail sector, in particular, has continued to deteriorate and is "clearly in recession", NAB reported. "This has come as no surprise given the trends in household consumption and retail sales.

IMF report says global growth is sluggish – In a new analysis by the International Monetary Fund it expects potential economic growth among advanced economies to increase only slightly from present rates in the medium term, remaining below.

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