World Economy

Australia Economy Fails

Australia Economy FailsAustralia Economy Fails

The Australian economy is failing to make up for the decline in the country’s mining investments. A research note from JP Morgan said Australia is “sliding down the precipice” due to slow reform efforts leading to “recession-like” conditions, NewsNow reported. JP Morgan analyst Stephen Walters said the firm has known for some time that the plunge in mining investments in Australia was approaching.