After 29 years of uninterrupted economic growth, Australia has entered recession.
The latest Australian Bureau of Statistics has revealed Australia’s economy contracted by 0.3 per cent over the March quarter.
The Treasurer Josh Frydenberg says the economy will shrink even further next quarter, meaning Australia has entered a technical recession.
Mr Frydenberg spoke to reporters in Canberra.
Read more here: Australia in its first recession in 29 years as March quarter GDP shrinks – https://www.abc.net.au/news/2020-06-03/australian-economy-gdp-recession-march-quarter-2020/12315140
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