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Tag: Depression

NZHerald: Auckland Office Vacancies Tipped to top 10%

4:00AM Friday Apr 24, 2009
Anne Gibson

The amount of empty floor space in Auckland is expected to rise. Photo / Supplied

The amount of empty floor space in Auckland is expected to rise. Photo / Supplied

Double-digit vacancy rates are being forecast for Auckland offices.

Alan McMahon, research and consulting director of Colliers International, has today issued a report saying vacancies were already up on last year but he expects the amount of empty floorspace to rise.

“Wellington and Auckland CBD’s are holding up quite well to date but we forecast double digit vacancy in both centres as the crop of new buildings under construction are filled,” he said.

For the rest of the article, go to the NZHerald here.


IMF predicts worst recession since Great Depression

Store food now folks and plant a vegetable garden.

From NZHerald.co.nz

Apr 23, 2009

WASHINGTON – The global economy is likely to shrink this year for the first time since World War II.

The International Monetary Fund projected the 1.3 per cent drop in a dour forecast released overnight. That could leave at least 10 million more people around the world jobless, some private economists said.

“By any measure, this downturn represents by far the deepest global recession since the Great Depression,” the IMF said in its latest World Economic Outlook. “All corners of the globe are being affected.”

For the rest of this article, go here.

Related:

The Secrets of the Federal Reserve by E. Mullins

The Obama Deception, a documentary by Alex Jones (2009).