2009 - What lies ahead
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  Professor Neville Norman, one of the few economists to predict substantial falls in interest rates in late 2008, issues his forecasts for economic activity in 2009. He believes conditions will get even tougher in the first half of the year, but an upturn - possibly with higher interest rates - will be experienced late in the year. He expects the stock market to show signs of improvement, but warns that history shows it takes 3 to 5 years for the market to reach its previous peaks.
Topics: Economy, Financial Management, Management |
 Professor Neville Norman, Melbourne University |