Sky News host Paul Murray says it is important Australians realise the nation has gone into recession not because something is structurally wrong with the Australian economy, but simply because of lockdowns.
Australia’s economy is officially in recession after the June quarter data revealed the country’s GDP had shrunk by seven per cent due to the COVID crisis, representing an annual decline of 6.3 per cent.
“We need to understand that there is nothing structurally wrong with the Australian economy, we are in recession tonight because of lockdowns,” Mr Murray said. “It’s the COVID lockdown recession. “You can have the debate about whether it’s the recession we had to have or we could have avoided.” Image: News Corp Australia
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