Australian forecaster warns of slowing global economy

[lovuian]

http://feeds.bignewsnetwork.com/redir.php?jid=2c7099c81d42f20c&cat=3a8a80d6f705f8cc

Australian forecaster warns of slowing global economy
The global economy is set to slow this year hitting some of Australia's largest trading partners hardest, the government's chief commodities forecaster has warned.

The Australian Bureau of Agricultural and Resource Economics (ABARE) said in its annual commodities publication it expects world economic growth to slip to 3.7 percent this calender year and to 3.6 percent in 2006 after running at 4.6 percent in 2004.




But it also said Australia's commodities exports are expected to rise 16 percent to a record 115 billion dollars (90 billion US) in the fiscal year ended June 2006, reflecting higher negotiated prices for coal and iron ore.

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I'm not surprised!!!

[Mr_Spock]

1. A weather forcaster can predict economic growth?

Cool - where do they teach this special skill?

[nadinbrzezinski]

2. Once again, bat down the hatrches

1929 is coming to mind