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@ tzongocu
2025-05-16 00:01:45
📰 News Alert...
🔖 Title: Australia's Never-Ending Household Recession: A Deep Dive
🗓️ Published: 2025-05-16T03:00:00+03:00
📄 Summary: Australian households are grappling with a prolonged economic downturn, marking the longest recession in generations. Recent data indicates a significant decline in real per capita household consumption, which has dropped for the eighth consecutive quarter. This downturn is primarily driven by a sharp decrease in household incomes, raising concerns about the broader economic impact and recovery prospects in the nation.
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https://www.macrobusiness.com.au/2025/05/australias-never-ending-household-recession/
🗞️ Source: MacroBusiness
💓 #EconomicRecession #HouseholdIncome #AustraliaEconomy