nab economists call retail Recession.. the recent deterioration has seen conditions in the industry fall to levels not seen since the GFC. This suggests that the consumer remains highly cautious with anything but spending on essentials because of ongoing slow income growth, high debt levels.
‘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". It’s a headache for retail landlords, and tenants. jonathan lui and Dre Crd. Like.
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Signs of trouble in Australia’s retail sector. July to its lowest level since May 2009, reaching the depths plumbed after the GFC and the introduction of the GST. "We have seen 11 falls of this.
Have a great and relaxing weekend and see you again. growth since 2011 and only the fourth since Australia’s record-running stretch of 25 years without a recession – usually defined as two.
‘Levels not seen since the GFC’: NAB calls the retail recession The bell has tolled for the ailing retail sector, with the National Australia Bank declaring the industry is "clearly in recession". Instead of end-of-financial-year sales, landlords and tenants will be waving white flags.
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‘Levels not seen since the GFC’: NAB calls the retail recession-The Age Growing number of Australian small businesses struggling amid economic downturn ABC News Evidence is emerging that a growing wave of businesses are going to the wall as the end of the financial year approaches.
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‘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". It’s a headache for retail landlords, and tenants.
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