Date Added: Oct 2009
Australia has been fortunate to escape even a technical recession. However, the past two years have been far from easy for most businesses and there is potential for continued challenges ahead - either at home or in key overseas markets. Fear of a global recession taking hold caused the Australian Securities Exchange (ASX) All Ordinaries Index to close at 3,150 in March 2009, forcing many firms to restructure debt or raise capital. Although the market has since bounced back above 4,500, businesses are now less certain and more cautious.