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Would A Feared Global Financial Crisis Crash The Australian Property Market?

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Amidst the continuing U.S.-China trade war, economists have been sounding off an alarm that the aggressive policy embraced by President Donald Trump could eventually hurt the American economy. And the repercussions would likely spill over to major economies around the world, which certainly will include Australia.

In recent days, the likelihood of a recession hitting the United States became a looming reality as the U.S. stock market suffered significant losses. Unsurprisingly, other markets followed suit, and according to Yahoo Finance, Australia immediately felt the impending crunch. As of Thursday last week, the local bourse saw a staggering value wipeout of $60 billion.

Now it’s no longer impossible........

© International Business Times