How close is Australia to a recession? | The Business | ABC News
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YouTubeABC News (Australia)
How close is Australia to a recession? | The Business | ABC News
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 ...
162.1K viewsJun 5, 2024
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