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GDP rise may save economy from a double dip recession but scars will be revealed
Australia may have avoided a technical recession for now, but ongoing lockdowns will reveal the financial scarring upon the economy caused by the Delta third wave
While the economy has likely escaped fears of a double dip recession following the release of June quarter GDP figures which unveiled a 0.7 per cent rise, the ramifications from extended lockdowns will see a…
- Gerard Cockburn
- The Canberra Times
Treasurer Josh Frydenberg flagged June’s results had shown the resilience of the economy in wake of short lockdowns, but warned a pull back in the September quarter will occur from the mass shutdown in the…
“Despite the difficulties that we face, our economy will bounce back,” Mr…