COVID-19 Has Pushed Australia’s Economy into Recession - The National Herald
COVID-19 Has Pushed Australia’s Economy into Recession - The Nat…
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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." Personalise your news & stay in the know with the ABC NEWS app: https://ab.co/abcnew
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