“Last week’s massive falls in the Australian share-market have frightened Australians. Now 49% are expecting bad times for the Australian economy over the next year — the highest number since the recession of 1991-92.
“Only 26% of Australians say that now is a “good time to buy” major household items — the lowest mark since 1991-92. This is especially worrying for Australian retailers given the importance of the Christmas shopping season to their profitability and continued viability.
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