Global Carnage Update

Hi All

In the news, Australia has been tipped as one of only a handful of countries that will avoid slipping into recession or only in a minor way. The Organisation of Economic Cooperation and Development (OECD) has predicted growth will weaken from 2.5% to 1.7% in 2009 before growing again to 2.75% in 2010.

This bucks the trend of the richest economies in the world that are predicted to shrink by a collective 0.4 percent next year. The French think tank estimates the US economy will contract by 0.9 per cent, Britain's by 1.1 per cent, and Europe's by 0.6 per cent.

The OECD also anticipate that unemployment levels will rise to 6% by 2010 however we suggest you should focus on the positive side of this unemployment number. Mainly, for 94% of the population nothing will change - accept loans will be cheaper, petrol will be cheaper, property investment will be more affordable and shares will be at bargain basement levels.

In Australia, as confidence returns the next 12 - 18 months will offer many opportunities for people who are looking in the right places.

Until next time or come and join us at the next Skypecast (online) each Sunday.
Use the link and Search for : Australian Immigration
Kind regards

Chris

http://www.oz-migration.com.au/