Is Australia in a recession? Yes and no

By Heidi Heck · 1 September 2021 · Economy

Is Australia in a recession? Yes and no

Australia's Economic Future: A Mixed Bag

Is Australia on the brink of a recession or has it narrowly escaped one? The latest GDP data reveals a complex picture that will leave you questioning the very definition of economic downturn.

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Summary

The economy is hard to measure. Today, the Australian Bureau of Statistics (ABS) released GDP data showing that Australia's economy has been spared from a "technical" recession this quarter, with economic growth over the last four months sitting at 0.7%. However, this definition of a recession is flawed in its reliance upon a single data […]