Wednesday, January 21, 2009

News from Down Under

Got an e-mail this morning from PSMJ consultant Charles Nelson in our Australia office that read as follows:

"It appears that Australia will be less hurt by the global recession than most other places, but we will be badly hit by the drop in resources demand from China. Mining is a big export here, and a big employer of engineers."

Charles tells us that he is working on a survey of attitudes about perceptions of the future and it will share it when it is completed. The results should be interesting if for no other reason than to perhaps counter the view most Americans have about the economy. It may also offer some evidence as to why so many foreign firms have merged or acquired American firms.

Stay tuned.


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