| Abstrakt: |
For many Australians it probably feels like arecession, because all of the growth was accounted for bypopulation growth, meaning gross domestic product (GDP) per personfell by 0.3% in both March and the June quarters, in a so-called"per capita recession". We're in a per capita recession as Chalmers says GDP "steady in the face of pressure" Australia's economy grew a mere 0.4% in the June quarter accordingto figures released by the Bureau of Statistics on Wednesday, aperformance Treasurer Jim Chalmers describes as "steady in theface of unrelenting pressure". [Extracted from the article] |
