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The Times Australia

Australia's first service sector recession will be unlike those that have gone before it

  • Written by: Isaac Gross, Lecturer, Monash University
Australia's first service sector recession will be unlike those that have gone before itShutterstock

Australia is on the brink of its first recession in almost 30 years.

The Australian Bureau of Statistics will deliver the official economic growth figure for the March quarter on Wednesday.

If it is negative (as is likely because of the downturn and the bushfires, but not guaranteed because of the surge in spending as Australians...

Read more: Australia's first service sector recession will be unlike those that have gone before it

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