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Mood sours ahead of recession confirmation | The Times | Victor Harbor, SA – Victor Harbor Times
Treasurer Josh Frydenberg expects Australia’s economic contraction in Wednesday’s national accounts won’t be as bad as other countries. Forecasts centre on an…
Treasurer Josh Frydenberg expects Australia’s economic contraction in Wednesday’s national accounts won’t be as bad as other countries.
Forecasts centre on an economic downturn of around six per cent during the June quarter as a result of restrictions to tackle the coronavirus pandemic, although economists concede there is a degree of uncertainty about the result.
But it would compare with the enormous 20 per cent slump in UK gross domestic product and double-digit percentage falls in France, …
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