Economists embarrassed over recession claims

By Jessica Stanic · 4 June 2009 · Locked

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Summary

Yesterday announcement from the Australian Bureau of Statistics (ABS) that Australia is not in a recession has left economists red faced, after months of predicting that Australia was heading for a deep recession. The latest data released by the ABS has shown that the Australian economy grew by 0.4 percent (seasonally adjusted) in the March […]