Hey???
The growth of the GDP is falling, but growth is still positive so we are still growing, right?
If the economy is still growing (even if it is in Australian dollars!) then we can't be in a recession.
recession occurs when real gross domestic product (GDP) growth is negative for two or more consecutive quarters.
So if we still have positive, although lessening, growth through 2009 QED we won't be in a recession.
Right?
