Figures for the June quarter are expected to show the worst economic growth in at least 60 years, with a contraction of around six per cent because of the coronavirus pandemic.
Australia's first recession in almost 30 years was confirmed on Wednesday, with the economy shrinking seven per cent in the June quarter.
Summary automatically generated by NewSUM A.I. from the following sources:
- Australia's first recession in almost 30 years is set to be confirmed TODAY (daily mail – mail online)
- Young Australians will bear the brunt of the coronavirus recession (daily mail – mail online)