Interest rates, market turmoil to hit Australian economy: surveys (AFP via Yahoo! News)

  Interest rates, market turmoil to hit Australian economy: surveys (AFP via Yahoo! News)

Australian executives are braced for a sharp economic downturn later this year due to the global cr…

Australian executives are braced for a sharp economic downturn later this year due to the global credit crunch and high domestic interest rates, two surveys released on Tuesday showed.

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