Recession warning to Australia

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[1] According to Saxo Bank chief economist Steen Jakobsen, Australia is heading towards recession.

[2] Australia has put too much focus on the mining and housing industry, however, it’s slowing down.

[3] Mr. Jakobsen believes that Australia needs to shift its focus on the share market which is tied up with the information technology sector.

 recession

Source: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11358887