Reserve Bank of Australia kept its benchmark rate low. As commodity prices tumble, Australian fears are so reasonable. With China doing weak, and Japan in the throes of an agonizingly enduring recession, Australia faces hardship staring at it. The real gross domestic income a measure of the country's wage and profit earnings - declined in 0.2 % in the September adding on to the misery of a 0.3 % decline in the June quarter. So the nation worries it is in an income recession. The fear of contagion worries everyone.
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