Australia's economy has slipped into a per capita recession – registering two negative quarters of per-capita GDP growth. Watch the full episode at www.skynews.com.au/flash | Sky News Australia
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3.8K views · 46 reactions | Economists are warning a rate hike at next month's ­Reserve Bank meeting could put Australia at risk of a recession. | Sky News Australia | Facebook
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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 interest rates... persistent inflation and ongoing global uncertainty." | ABC News
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#BREAKING: For the first time in almost 30 years, Australia's economy is officially in a recession after June quarter data revealed the nation's gross domestic product has shrunk by 7 per cent. Details: http://9Soci.al/QlFO30r7F14 #9News | Nightly at 6.00pm | 9 News Sydney
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