Australia heads for recession as stock market falls 7.33% in worst day since GFC

📆 09/03/2020 13:52:00
📰 The Guardian

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Market loses around $140bn and economists forecast first slump since 1991, as two Sydney schools are closed and coronavirus cases grow

Australia is heading for a recession in the first half of this year, leading economists have forecast, as the continuing impact of the coronavirus outbreak saw the stock market endure its worst day since the global financial crisis.

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Write Comment

It's almost like GFCs are cyclical and weirdly coincides with conservative rule? What are the odds?

What happens next? Better or worse? Anyway,I hope this situation is getting better and better.

Will Trump buy Australia? 🤔

I suspect the world will fall into a recession before all of this is over.

Stock prices aren’t what makes a recession

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