By  on November 19, 2008

Cautious optimism best sums up the mood of the Australian trade show sector as organizers hold firm, consolidate and value-add to their offerings in the face of the global economic crisis and the weak Australian dollar, which reached a five-year low in early October.

Some analysts have predicted that Australia will be facing a “shallow” recession in the first quarter of 2009, despite the best efforts of the Reserve Bank of Australia, which has cut rates by 200 basis points in the past three months, and a 10.4 billion Australian dollar, or $6.63 billion, economic stimulus package announced last month by the new Labour government.

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