2007-08-14

South Australia is in recession

From the ABC:
An ANZ Bank report shows South Australia is in technical recession.

The ANZ Australian Property Outlook report shows Gross State Product has been negative for the past two quarters.

The report says the rising Australian dollar is hurting manufacturers and the drought is hitting farmers.
The only question I have is - what is unique about SA's economy that has caused it to go into recession?

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