Business braces for a triple threat

A simultaneous downturn in the US, Europe and China means tough times ahead for Australian business, and lower rates aren't likely to stimulate activity.

Business people around the world are now bracing themselves for tougher times in the wake of the triple-headed downturn – in Europe, China and the US.

In such times forward bookings in major international hotels are an advanced indicator of business activity. They have fallen sharply in Australia and it looks like a world trend.


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