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Australia’s economy performing better than most amid pandemic, experts say – NEWS.com.au
Australia’s economy performing better than most amid pandemic, experts say
Australians have been fighting for our lives during the lethal coronavirus pandemic and now, were also fighting for our livelihoods.That’s the grim reality we’re facing, after the release of the June national accounts data on Wednesday revealed the catastrophic extent of the COVID-19 crisis.
The data painted a picture of an economic bloodbath, with the economy contracting by a staggering 7 per cent through the quarter.
Previously, the biggest drop was in 1974, when the Australian economy contr…
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