Monday, November 30, 2020

Technical recession over in growth rebound but V-shaped recovery unlikely, economist Jo Masters warns

It's a positive week ahead for Australia's economy, with new growth figures likely to show the recession is over - at least by the techical measure. 

Economists forecast growth in the September quarter of  2.5 percent, after a 7 percent crash in the prior reading. 

Ernst & Young economist Jo Masters says while it looks like a V-shaped rebound in paper, the reality is that unemployed Australians continue to feel the pain of a deep recession.

Here's my Monday Finance report with Fran Kelly on ABC Radio National



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