..."An abrupt slowdown in the Australian economy, renewed recession fears in the United States and a spreading sovereign debt crisis in Europe will soften the global growth outlook," said the institute's principal economist, Shamubeel Eaqub.
He is forecasting gross domestic product to be "pretty flat" this year, growing just 1.4 per cent, before picking up to 2.6 per cent next year and again in 2013....
He is forecasting gross domestic product to be "pretty flat" this year, growing just 1.4 per cent, before picking up to 2.6 per cent next year and again in 2013....
