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Recession alarm as Aussie consumers slash spending

February 12, 2024 - 10:00 -- Admin

The Australian Bureau of Statistics’ (ABS) September quarter national accounts revealed that the nation’s real gross domestic product (GDP) decreased for three consecutive quarters in per capita terms, falling 0.3% year on year:   This 0.3% annual decline in per capita GDP was caused by a 1.9% decrease in real per capita household consumption: The

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