Australia’s recession: How will the economy bounce back?
By Verina Gading · 9 July 2020 · Featured
By Verina Gading · 9 July 2020 · Featured
After nearly 30 years without a recession, Australia's economy is facing unprecedented challenges. Will the country's resilience be enough to bounce back from the latest downturns?
It’s been almost 30 years since Australia last experienced a recession and almost 10 years since the country recorded a negative GDP growth, which was back in 2011 when the Queensland flooding and Cyclone Yasi hit. With the latest downturns in Australia's quarterly GDP reports, as well as the economic effects of the pandemic, the future […]