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Are we heading recession?, page-78

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Tarvold

23,237 Posts.

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05/09/24

10:20

Post #: 75538269
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Originally posted by Welkin31: ↑

Sounds to me like Oz is in the Chalmers recession
ABC www News says quote [For the sixth consecutive quarter, Australian economic activity declined on a per capita basis and the 1.5 per cent decline over the past year is the largest Australia has experienced in 33 years, excluding the pandemic.]
The figures without taking into account "per capita basis" which means the effect of booming migration of many people hostile to Australia -
just stay out of recession by a knife edge.

Now I hear ABC TV news saying we need to import gas to be sure of gas supplies to backup renooables to get to Net Zero
The Govt incompetence is stratospheric high

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VIC was in a per capita recession before COVID.
Take out the impact of migration & Australia would have one of the worst performing economies in the western world.
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