Sky News Australia published this video item, entitled “Third quarter indicating Australia will get out of technical recession” – below is their description.
InvestSMART’s Evan Lucas says the third quarter is indicating Australia’s economy will likely get out of its technical recession with markets performing strongly – excluding Victoria-based companies affected by lockdowns. “The bounceback’s happening and it is there. Today we get private capital expenditure that’s part of the input to GDP. It’s the future intentions and previous intentions of private companies, he said. “The third quarter looks like bouncing out. We look like we’re coming out of a technical recession – which is two-quarters of negative growth. There are signs, even with Victoria’s in lockdown at that time, the rest of the country was expanding. “The question is future intentions … whether there is enough momentum to see businesses confidently spending going forward. We’re near enough to breaking even for the year.”
Sky News Australia YouTube Channel
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