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Thu, Mar 05, 2009 - Page 10 News List

Australia facing recession, analysts say

DEEP IMPACT Analysts expect rising unemployment, falling profits and deep rate cuts, while the treasurer said the world economy would get worse before it improves

AFP , MELBOURNE

“The international deterioration has been so abrupt that it won’t be possible to avoid some short-term weakness here,” Edey told a business forum in Sydney.

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