Better, but still bad: despite positive GDP figures Australia is not out of a recession | Greg Jericho
Image source : theguardian.com
We need to stand back and look at the bigger picture, especially annual growth figures Wednesday’s GDP figures are likely to show that the economy grew in the September quarter but data on investment, profits and wages show that our economy remains bound up in the calamity of the pandemic recession. At such times, the worth of GDP as a measure of economic health becomes even more questionable than usual. Continue reading...
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