While it would be inaccurate to say that the ICT industry in Australia talked itself into a recession, the slow down didn’t need to be as abrupt as it was. But it wasn’t entirely the doing of the local market. According to a presentation by the Commonwealth Bank’s Craig James in late July at an economic development luncheon in Brisbane, the three countries that provided the heftiest super stimulus packages for their economies were the US at 5.5%, Korea and 5%, followed by Australia at 4.5% (as a percentage of GDP). Yet each still slipped into the red.