This is CBSI in the world.

I'm John Bachelors.

To Brisbane, Queensland, Australia, Scott Maaman, CBS News, Recession Looms in Australia.

It has loomed in Europe and may be upon them.

It has loomed in America and is told to be in a dance.

A puzzle.

You're never sure.

Scott, a very good day to you.

The recession that we're told is coming your way.

Have you seen any indication at the shop, at the petrol station that people are struggling

to make ends meet?

That would be a sign of recession.

Are you seeing large layoffs?

Are you seeing what you'd have to say is inability for people to make their mortgages?

Anything like that.

Good evening to you, Scott.

Good day, John.

We are now facing down the barrel of a recession, but it doesn't matter what the authority

say, whether we are in good state or anything like that.

You just know.

I mean, like you said, we take a walk down the street, one in three businesses are shutting

shop, not a good sign.

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