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<blockquote data-quote="nicjosh83" data-source="post: 25438421" data-attributes="member: 569114">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Australian economy: We’re in a recession, Treasurer Josh Frydenberg confirms&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 
It’s official: Australia has entered a recession for the first time in 29 years.

Treasurer Josh Frydenberg declared today he did not need to wait until the June quarter to admit the obvious.

Asked: “Is Australia in recession today?” Mr Frydengberg said the answer was clear.

“Well, the answer to that is yes. And that is on the basis of the advice that I have from the Treasury Department about where the June quarter is expected to be,’’ he said.

Panic buying by families as the coronavirus pandemic hit failed to save Australia from a technical recession



<a href="https://www.news.com.au/finance/economy/australian-economy/australia-is-on-track-for-first-recession-since-the-1990s/news-story/0f4dda0cd5cb58e738b5974651e2a5cb" target="_blank">https://www.news.com.au/finance/economy/australian-economy/australia-is-on-track-for-first-recession-since-the-1990s/news-story/0f4dda0cd5cb58e738b5974651e2a5cb</a></blockquote>

[QUOTE="nicjosh83, post: 25438421, member: 569114"] [CENTER] Australian economy: We’re in a recession, Treasurer Josh Frydenberg confirms It’s official: Australia has entered a recession for the first time in 29 years. Treasurer Josh Frydenberg declared today he did not need to wait until the June quarter to admit the obvious. Asked: “Is Australia in recession today?” Mr Frydengberg said the answer was clear. “Well, the answer to that is yes. And that is on the basis of the advice that I have from the Treasury Department about where the June quarter is expected to be,’’ he said. Panic buying by families as the coronavirus pandemic hit failed to save Australia from a technical recession [URL]https://www.news.com.au/finance/economy/australian-economy/australia-is-on-track-for-first-recession-since-the-1990s/news-story/0f4dda0cd5cb58e738b5974651e2a5cb[/URL][/CENTER] [/QUOTE]

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