Tuesday, Dec 12, 2006

Stagflation Stagflation Stagflation, Oi Oi Oi!

NZ Herald: Tough times ahead for Australian economy

A new survey in Australia says one in 10 businesses there will be forced to lay off staff in the new year because of increased costs and lower profits. "So overall we expect selling prices to increase, we can see inflationary pressures set to remain and for most businesses there is going to be an impact in the area of sales and profits," she said.

Posted by pinetree @ 02:53 PM (534 views)
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