If you’re an Australian, you’re not alone.
In fact, the country has not just fallen into a deep recession and a financial squeeze, but also had a very high number of Australians affected by the coronavirus pandemic.
But there are a few things you need to know about the global crisis before you dive into this story.
What are the biggest global trends?
The global financial crisis began with the financial crisis of 2008 and has been going on for a long time.
The financial crisis has had profound impacts across the world.
It’s not just a recession.
It has been a depression in the United States, the European Union and a lot of developing countries.
But what is it?
There are three major trends.
The first is the collapse of the commodity price bubble, which was created by a speculative bubble in the energy sector.
This was driven by cheap oil, which is cheap compared to what was coming out of China, the Middle East and the rest of the world, but the boom was not sustainable.
The second is the “fiscal cliff”, which was triggered by the debt ceiling deal.
This deal is the first in a series of debt ceiling extensions by the US Congress that have already pushed up the US debt.
The third is the global economic slowdown, which began in 2009 and has continued for the last few years.
The global economy is in recession.
But that is largely due to the global financial crash.
Australia’s economic downturn is more pronounced than the UK’s and Ireland’s recession.
That is partly because Australia’s economy is much smaller and the Australian economy has been hit hard.
The UK’s economy was about 20 per cent smaller and Ireland had about 30 per cent fewer people.
But this downturn is different because it is largely attributable to the collapse in commodity prices and is a result of the global recession.
Australia was one of the first countries to be hit hard in the global crash and is now in recession again.
The current downturn is partly the result of these changes.
The world’s biggest economy is now struggling.
And Australia is still in recession?
We’re in recession, as are many other developed countries.
And we’re not going to get out of it anytime soon.
The ABC’s Kate O’Brien reports from Sydney, Australia.
Topics: economic-trends, australia