Whats going to happen to Australias economy, taking into account global events today?

Question

Firstly chinas economic boom and predicted collapse. how is its impact on the australian property and employment rate going to be affected?

Is it true that if Chinas boom comes to and end and do not require Australian mineral/mining imports any longer. Will this affect employment and property prices here in Australia?

Also taking into consideration the US current recession or soon to be.

Is the predicted global recession actually true? Also does the fact the US have now begun closing banks and offshoring employment have an affect on Australias property market.

As a result should I hold my property investment plans back till things start to get nasty?

Answer 1

try to read a lot on http://www.cnn.com/ or http://www.fox.com/ it's help you

Answer 2

The reason why all this is happening around the world, Thanks to President (George Bush) who helped China's Economy boom. U.S. President kept feeding the Beast (China). It is Crazy in America right now. It will affect all countries, If I were you I would not want to own anything. Banks in the U.S are slowly disappearing. It is a shame. The President took a Healthy Country and in 4 years ruined it. It would take years to repair the damage he has done I feel sorry for everyone.  

Answer 3

it is going into the tank, just like every other countries.