Australia NAB business confidence dropped to -66, recession of unprecedented speed and magnitude ahead

<p>Australia NAB Business Confidence dropped to -66 in March, down from -2. That’s record low, even worse than the reading during 2008 global financial crisis and early 90s recession. Business Conditions dropped to -21, down from 0. While condition index was slightly worse than the reading at financial crisis, it sit well above the trough […]</p>
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