-
Australian National Accounts: National Income, Expenditure and Product, Jun 2020
Added at 9:48pm
-
GDP falls 7pc, worst since World War II
Australia is officially in recession for the first time in 29 years after posting a 7 per cent fall in June quarter GDP – the biggest since records started in 1959. Annual growth is now the lowest since World War II after shrinking to negative 6.3 per cent from 1.4 per cent in the March quarter, official Australian Bureau of Statistics figures released on Wednesday show. The June quarter contraction follows a 0.3 per cent fall in the March quarter, locking in two consecutive quarters of negative growth required for a technical recession. The June quarter hit was worse than market economists' expectations of a 6 per ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Sep 1, 2020 10:37pm Sep 1, 2020 10:37pm
- umbrella man
- | Joined Aug 2009 | Status: Member | 552 Comments
- Comment #2
- Quote
- Sep 2, 2020 1:10am Sep 2, 2020 1:10am
- Guest
- | IP X.XXX.105.173
- Comment #3
- Quote
- Sep 2, 2020 2:01am Sep 2, 2020 2:01am
- Guest
- | IP XXX.XXX.98.208
- Comment #4
- Quote
- Sep 2, 2020 3:17am Sep 2, 2020 3:17am
- umbrella man
- | Joined Aug 2009 | Status: Member | 552 Comments
- Comment #5
- Quote
- Sep 2, 2020 4:49am Sep 2, 2020 4:49am
- Guest
- | IP XXX.XXX.114.104
- Comment #6
- Quote
- Sep 2, 2020 7:42am Sep 2, 2020 7:42am
- demon king
- | Joined Jan 2014 | Status: Member | 20 Comments
- Comment #7
- Quote
- Sep 2, 2020 8:59am Sep 2, 2020 8:59am
- fxsport
- Joined Jul 2007 | Status: Member | 2661 Comments
...because you never know - until you do!