Australian Treasurer Josh Frydenberg discussing the nation’s GDP. Photo: EPA Australian Treasurer Josh Frydenberg discussing the nation’s GDP. Photo: EPA
Australian Treasurer Josh Frydenberg discussing the nation’s GDP. Photo: EPA

Australia ends longest economic boom as fires, Covid-19 destroy growth

  • Treasurer Josh Frydenberg conceded the Australian economy is already in recession, indicating further contraction in the current quarter
  • Australia dodged recessions during the 1997 Asian financial crisis, the dot-com bubble and the 2008 global financial crisis

Topic |   Australian Economy
Australian Treasurer Josh Frydenberg discussing the nation’s GDP. Photo: EPA Australian Treasurer Josh Frydenberg discussing the nation’s GDP. Photo: EPA
Australian Treasurer Josh Frydenberg discussing the nation’s GDP. Photo: EPA
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