No Recession in Australia?

Business Spectator - RBA forecast 'preposterous'

Moody's Economy.com is forecasting the Australian economy to record positive growth in the first and second quarters of 2009, for a calendar year result of a little more than one per cent.

Both the government institutions and private analysts forecast that Australia's economy will grow next year. Albeit, a little bit above 1% but that is still better than many other developed countries.