Recession won't be found in a mining pit

Predictions that a decrease in mining investment will lead to a recession are flimsy, with plenty of room for a falling dollar and low rates to take up the slack.

To be sure, there is some chance that Australia will fall into recession. There is also some chance that annual GDP growth will surge to 5 per cent. There is also some chance that the ASX will drop 50 per cent in the next year or will rise 50 per cent the year after.

Make any of these projections and you will be sure to grab the headlines.

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