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Ray Hadley accuses Alan Jones of supporting violent Sydney anti-lockdown protests
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Morrison s recession: Australia s worst since records have been kept
Independent Australia
26 Jul 2021, 08:52 GMT+10
Recent data confirms Australia s economy is currently being managed more ineptly than at any time in the last sixty years, reports Alan Austin.
OF THE SEVEN recessions since the Australian Bureau of Statistics started tracking economic growth in the 1950s, the Morrison-Frydenberg recession of 2020 has been by far the worst. Gross domestic product (GDP) contracted in the 2020 March quarter by 0.3%. Then the June quarter saw a devastating 7.9% decline in GDP.
Australia s second-worst slump was in December 1982 when the two negative quarters were minus 0.7% and minus 1.6%. All others were shallower than that.