porritt: That because it was a shock, according to Australian Broadcasting Corporation. It was negative. Alan Porritt, file photo AAP Related Story Australian economy shrinks 0.5pc in worst fall since GFCRelated Story Growing trade deficit raises recession risk, warns economist Map Australia Midway through last week many finance journos, including yours truly, started hyperventilating when the official September quarter gross domestic product GDP data came out. In fact it was quite a bit negative, at minus 0.5 per cent. Australia has only produced a handful of negative GDP reads over the past quarter century. Ok hyperventilating might be a bit too strong a word, but I for one found my heart rate creeping up quite a bit - for good reason too.
(news.financializer.com). As
reported in the news.
Tagged under porritt, photo topics.