A bit of background reading for y'all (if interested) from ABC here in Australia (the public broadcaster)
- If there is one big thing that is keeping the economy from officially going backwards, it is population growth
- Take out the impact of the population, GDP growth is a very line ball call.
- GDP per capita shrank in the third quarter and on some forecasts it will shrink again in the fourth quarter - which technically would be a recession of sorts.
(bolding above is mine)
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