Recession talk

There is now a lot of talk of recession here in Australia. I am sure that we won't get away unscathed in view of the credit crunch and international financial wobbles. But, hopefully China will be keeping up investment in Australia. Of course, the AUD is weak so it will attract investment and that will be good for export and tourism. I don't know. People seem genuinely worried. I just hope that the pundits who say that Australia is well-placed to deal with the downturn are right.