By Jessica Stanic · 20 May 2009 · News
Australians are sharply divided over the latest Budget, but the real concern is the alarming drop in consumer confidence. What's behind this sudden downturn, and what does it mean for the nation's economy?
It seems the Budget is dividing a nation. The latest Newspoll survey has revealed that 45 percent of Aussies are behind the Budget, but the -Melbourne Institute consumer sentiment index is painting a different story, with consumer confidence plunging by 4.3 percent in May to 88.8 percent, the second biggest post-budget fall during the past […]