11K views · 100 reactions | Australia is expected to see an official confirmation of recession today. #9News | Nightly at 6.00pm | 9 News Sydney | Facebook
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11K views · 100 reactions | Australia is expected to see an official confirmati…
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Australia's economy barely grew in the first three months of 2024 and outside of the pandemic, it expanded at the slowest annual rate since the 1990s recession. GDP per capita fell for the fifth consecutive quarter but record population growth is keeping Australia out of recession. The Treasurer Jim Chalmers blamed the weak growth on "higher interest rates... persistent inflation and ongoing global uncertainty." | ABC News
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Australia's economy treading a 'very narrow' path towards recession
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Australia's economy treading a 'very narrow' path towards recession
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news.com.auLeith van Onselen
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Australia is in a per-capita recession: What you need to know
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8.7K views · 105 reactions | We've had confirmation today Australia is in recession for the first time in almost 30 years. The June quarter figures were worse than experts predicted. Our economy shrank 7%; the single largest drop on record. More: 7news.link/2EEHzPZ #auspol #7NEWS | 7NEWS Sydney | Facebook
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