Sydney News - (AFX UK Focus) 2009-03-22 04:52 Virtually impossible for Australia to avoid recession-PM (Interactive Investor)

SYDNEY, March 22 (Reuters) - Prime Minister Kevin Rudd said on Sunday it was now "virtually impossible" for Australia to avoid a recession given the global economic downturn. Rudd said in a television interview that the global economic recession "is getting worse before it gets better", which meant Australia would have little prospect of sustaining growth in the near future. The Australian ...


Click Here to read the entire article...