Dramatic negative change on likelihood of recession

The team at Macks Advisory explain why 70% of insolvency and turnaround professionals they surveyed now believe we will be in a recession within 12 months, noting that the scariest of red flags (no pun intended) is the one flying over China’s slowing and weakening economy, which is leading to a growing Chinese disinclination to buy Australia’s iron, gas, coal – and a wealth of other products.

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