Vital Signs: How do you fight a recession without precedent?
- Written by Richard Holden, Professor of Economics, UNSW
jIt became official on Wednesday. The Australian economy is in recession for the first time in nearly three decades.
And the drop in economic activity is unprecedented. GDP fell 7% in the June quarter. The previous biggest post-War fall in Australia was 2% in June 1974.
But Treasurer Josh Frydenberg noted that in March he was told the June quarter...
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