This will give them breathing space if they do subsequently find themselves in circumstances where their repayments are interrupted. Conclusion Let me sum up by saying that the past six months have been a very difficult time for the world economy.
There are some tentative signs of improvement, but in reality it is going to take quite some time for the world to recover from the financial shock that has occurred. While the Australian economy has also weakened, it has held up better than most during this difficult period, helped by earlier disciplined policies and prudent financial behaviour.