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How the tech industry is facing an economic slowdown

By Michael GeogheganThe economy is expected to contract by 0.8 per cent this year, according to a new report.The Reserve Bank of Australia (RBA) has forecast GDP will contract by 1.5 per cent in 2018.“The impact on the economy will be felt most sharply in the mining sector, which has experienced a large decline in

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Which Economic System Should I Use?

With inflation hitting record highs and the economy facing a bleak outlook, economists are asking whether we should be using a rigid or elastic definition of economic growth.A report from the University of Massachusetts at Amherst (UMass) shows that while both the elastic and rigid definitions are important, the elastic definition seems to be more