Australia has entered its first recession in 30 years
Australia has entered its first recession in 30 years
2 September 2020
The country's economy shrank by seven per cent in the June quarter... the biggest quarterly GDP drop on record.
More than one million people are unemployed with a further 400-thousand expected to lose their jobs by Christmas.
CommSec Economist Craig James told SkyNews the economy should pick up from here.
He says they're in recovery mode - and when cases decrease in Victoria and New South Wales those states can rejoin the country.
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