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Late-2000s financial crisis

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Australia services sector contracts on consumer caution

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Australia’s services sector continued to contract in December even after the central bank lowered interest rates at the start of month, a performance gauge by an industry group published Friday showed. The Australian Industry Group-Commonwealth Bank Performance of Services Index fell 3.9 points in December from a month earlier to 43.2 points–well below the 50-point … Continue reading →

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