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What has the coalition done to create a recession.  The slow down of the economy is tied to problems within the mining sector.  This was evident since last year and with gold prices still off the highs of the lucrative years, many of the more accessible areas becoming mined out, and with interior infrastructure remaining primitive, many of the more marginal miners are being forced out of business.

 

Sugar also remains in deep trouble. In addition the PPP has left the gov't empty, which will force public expenditures to be reduced.

 

What carried the economy was speculative expenditures in real estate and the retail sectors.  That wasn't sustainable.

 

Pity the coalition is going to get blamed for trends which were already in place.

FM
Last edited by Former Member

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