Australian “GDP per capita heads for a recession” – ABC Information
Including to the ache for the Australian Greenback (AUD) merchants, reporters at Australian day by day ABC information anticipate that the international locations GDP per capita heads for a recession.
The evaluation titled “Households’ dwelling requirements are nonetheless falling as GDP per capita heads for a recession” cites inhabitants progress as a serious driver.
Excerpts from the evaluation:
- If there may be one large factor that’s preserving the financial system from formally going backwards, it’s inhabitants progress
- Take out the influence of the inhabitants, GDP progress is a really line ball name.
- GDP per capita shrank within the third quarter and on some forecasts it can shrink once more within the fourth quarter – which technically could be a recession of kinds.