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Men's Weekly

How a tightening of wallets pushed Australia into recession

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

A go-slow on spending sent the economy backwards 0.3% in the first three months of this year, only the fourth such decline since Australia was last in recession in the early 1990s.

Treasurer Josh Frydenberg says Treasury has told him the next three months, the June quarter that we are in at present, will see a “far more severe”...

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