Australia recognises recession

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Updated April 21, 2009 21:21:34

As the world's economy spirals downward the word "recession" has been bandied about quite freely, except in Australia. For months the word has not slipped past the lips of Australia's leaders and senior finance officials. That is up until now, when this week it seems that the word "recession" has once again been discovered by Prime Minister Kevin Rudd and the head of the Central Bank, but in some cases it's being linked to China.


Presenter Michael Cavanagh

Speakers: Australian Prime Minister Kevin Rudd, Head of Australia's independent Reserve Bank Glenn Stevens

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