RBA’s claims recession is over slammed as ‘garbage’ – NEWS.com.au

It sounds almost too good to be true.When Reserve Bank deputy governor Guy Debelle declared Australia had “probably recorded positive growth” in the September quarter, the headlines quickly followed.
After all, a quarter with positive growth means Australia is most likely – technically – out of recession.
So why did many respected economists, including former BT financial chief economist Dr Chris Caton declare this spin “garbage”?
“Channel 7 News repeating the garbage that the RBA has called the…

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