Search

Common sense needed in WA: CCIWA

The Chamber of Commerce and Industry of WA has expressed concern that the fundamental strength of the local economy is being undermined by uncertainty and pessimism.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Comments

Perth
At Last some sense in the market Place. In a climate of fear, people need to reminded of the fundamentals of the economy. Its not a platitude just the facts. Well done.

Perth, WA
I honestly believe that media sensationalism is going to be to blame if we are to suffer prolonged damage under the current economic client. It does not take a rocket scientist to see that with plummeting interest rates, land developers and investors selling at well below market rates to stimulate cash flow and a drop in the Aussie dollar, which will stimulate Hospitality Tourism and make local commodities such as natural resources even more attractive, that we are actually not in a dire position. The reported Chinese slow-down still positions them for positive growth, which still means growth for our miners and the slight increase in the unemployment rate has at this stage pulled us back to a healthier market for both employers and employees. There is no denying that we have been hit harder than most would have expected, largely by flawed risk management principles (oops, did I say that), and it has had a very negative impact on the lives of thousands of Australian families which is very sad, but the future, I am happy to say, is not all doom and gloom and I think that should the media curb it's negative reporting of the current situation and some public confidence be restored, we are actually positioned quite well at this point to recover from this economic trough in a rather short period of time. Australia is in a very strong position, largely due to the framework put in place by Peter Costello and with Kevin Rudd's China relationships (yes, the man can speak Mandarin) I cannot foresee any major downturn in the demand for Australian Resources which can be largely thanked for Australia's strong economy up until this point.

WA
This does NOT make sense. Although confidence is important, merely calling for confidence will does great harm to WA people and industries, in that most likely Australia will not be well and the housing price here is too high. If people's 'confidence' is boosted and then they will make a WRONG decision - e.g., buying a property now and wait it to decline. If that happens, the future will be even worse. So please do NOT exaggerate confidence and give us the real figures!

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer