Australia is in a recession, as economy reels from coronavirus and bushfires | 7NEWS

Australia is in a recession for the first time in almost three decades, Treasurer Josh Frydenberg says.

GDP figures from the Australian Bureau of Statistics released on Wednesday show the economy shrank 0.3 per cent in the March quarter.

More on this:

Subscribe to 7NEWS for the latest »

Connect 7NEWS online
Visit »
Facebook »
Twitter »
Instagram »

7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, The Daily Edition, The Latest, and, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7NEWS nightly at 6pm and weekdays at 11:30am and 4pm on Channel 7 and 7plus.

#BreakingNews #coronavirus #COVID19 #7NEWS

Original Author: Produced by 7NEWS Australia and published on 03/06/2020 Source