Australia's economy shrank 7.0 per cent in the June quarter, confirming a recession for the first time since the early 1990s. Photo: EPAAustralia's economy shrank 7.0 per cent in the June quarter, confirming a recession for the first time since the early 1990s. Photo: EPA
Australia's economy shrank 7.0 per cent in the June quarter, confirming a recession for the first time since the early 1990s. Photo: EPA
John Quiggin
Opinion

Opinion

John Quiggin

Never mind what Lee Kuan Yew said, losing access to China won’t make Australia the ‘poor white trash of Asia’

  • Australian incomes and living standards have remained above most of its Asian neighbours since the prediction from Singapore’s former prime minister
  • And while ties between Canberra and Beijing have been fraying, losing access to China’s market won’t make Lee’s words any more true

Australia's economy shrank 7.0 per cent in the June quarter, confirming a recession for the first time since the early 1990s. Photo: EPAAustralia's economy shrank 7.0 per cent in the June quarter, confirming a recession for the first time since the early 1990s. Photo: EPA
Australia's economy shrank 7.0 per cent in the June quarter, confirming a recession for the first time since the early 1990s. Photo: EPA
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