Wednesday, September 4, 2019

Australia's recession-free record in tact but growth at decade low

Australia's economy has slowed to its most sluggish pace since 2009, when the GFC slammed the brakes on GDP growth. In seasonally adjusted terms, 

GDP expanded by 0.5 per cent over the June quarter, or 1.4 per cent for the year — equal to the worst annual growth recorded in the aftermath of the global financial crisis in the September quarter of 2009. 

ABC's Peter Ryan goes through the numbers.

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