Could Australia have a manufacturing revival?
With the end of the Holden brand, dealerships and staff are left in limbo.
The last vestiges of Holden are closing down as the brand comes to an end, with 600 jobs to be lost.
Australia’s manufacturing sector is declining at a record rate.
Manufacturing is continuing to decline.
The manufacturing sector is declining and in the worst position in three years.
Business investment declines counter to all desires of the RBA.
Holden workers struggle to find work years after industry closure.
#Economy #Recession #HeiseSays US Manufacturing orders fall while the S&P 500 reaches an all-time high. References Wall Street closing at a record-high prompts warnings that it could be another false dawnhttps://mobile.abc.net.au/news/2019-11-03/green-shoots-emerge-global-economy-not-for-first-time/11664014
Australia #Technology #HeiseSays Australia claims to be an innovative nation while having a very primitive economy. References Is Australia an innovation nation or beneficiary of dumb luck? https://mobile.abc.net.au/news/2019-11-02/australia-rich-and-dumb-or-an-innovation-nation/11657984?section=business