As recession looms, investors urged to stay safe, keep it cool
If you’re an Australian younger than 50, chances are you haven’t been investing during a major downturn. But as the “R” word pops up increasingly, experts say how they’d handle it.
The last time Australia entered a truly significant recession, Bryan Adams was top of the charts, Bob Hawke was prime minister and neither Google nor the smartphone had been invented yet.
The 1991 recession pushed unemployment close to 11 per cent while gross domestic product took a 1.7 per cent hit.
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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
