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“It’s easy to see why consumer confidence is back to GFC levels. Increasingly, we think [Financial year] 23 will be as difficult as FY19, potentially worse in some categories,” he wrote in a note to clients. JB Hi-Fi shares fell 5.7 per cent for the session to $39.31, while Harvey Norman was 5.4 per cent lower to $3.86. Supermarket giant Wesfarmers also weighed down a struggling market, losing 3.8 per cent for the session.Alex Ellinghausen
“Household savings [also] remain up on pre-pandemic levels, which will assist in cushioning the blow from the cost of living pressures many are experiencing,” he said. Airlines are also keeping a close eye on whether recession fears will dampen appetite for domestic and international travel, which has rebounded strongly.that he was “following with great concern” global events like the war on Ukraine, which have pushed up the price of oil and fuel. A plane built for international trips, like a Boeing 747, will use 4 litres of fuel a second.
SMH credibility is in the bin. You wrote what you did with bitterness & with an intention to hurt and harm Rebel. You wanted revenge, you used your keyboard with words as weapons to strike & play yourself as the victim. This apology is only so you'll stop being held accountable.
Global recessions will do that
thanksAlbo
After two weeks from being punted, I reckon ScottMorrisonMP is back smirking again thanks to the shit-sandwich he left us. It's only fitting he'll be remembered as Australia's most despised PM. And I'm sure Tony Abbott is appreciative of that. 🙃
All due to government incompetence, lockdowns we didn't need to have. The Premier of Victoria must stand down. He's done more damage to Victoria than any terrorist threat could ever do. EndTheMandates CostOfLivingCrisis skpoli
So many businesses are going to go bankrupt, especially the ones who expanded over the last two years because everybody was cashed up with free money.
Thanks Albo.
Thanks albo.