Maroondah Council holds regular business events to discuss topics relevant to the business community and to encourage networking among the many businesses situated within the municipality.

Today’s business lunch held at the Karralyka Centre, featured Matthew Hassan, Westpac’s Chief Economist, who discussed the latest economic trends amid the continuing global economic uncertainty.

Matthew discussed the global situation including the potential for a further deterioration in global economic growth. While China continues to still experience positive growth its output has been halved and there are signs of further deterioration within the United States.

Matthew did however state that while Australia may experience negative economic growth, Australia is relatively fortunate and is unlikely to see a level of deterioration along the magnitude experienced within other parts of the world.

The discussion should assist Maroondah’s business community in planning during these uncertain economic times. For further information on Maroondah’s business events please visit www.bizmaroondah.com.au.