Blogotariat

Oz Blog News Commentary

“Last hurrah” for economy as recession beckons

December 8, 2022 - 12:30 -- Admin

Household spending rose by 1.1% in the September quarter, according to Tuesday’s national accounts. This meant that household consumption contributed 0.6% to the nation’s GDP growth over the quarter: As noted by The Guardian’s Greg Jericho, “take away household spending and the economy didn’t grow at all in the September quarter, and barely at all

The post “Last hurrah” for economy as recession beckons appeared first on MacroBusiness.