No, the recession hasn't ended

Because deputy governor of the Reserve Bank of Australia, Guy Debelle, told a Senate estimates hearing yesterday that Australia's economy may have grown a little bit in the September quarter.He didn't say the recession was over. He didn't say anything close to that.

Dr Debelle said the RBA was releasing some new quarterly forecasts next Friday and those would have more details, but his "best guess" was Victoria's economy performed a bit better than expected over July, August, and September , and the rest of the national economy grew a bit more than expected.So why are we seeing headlines claiming the recession's over?

"On this metric, the 90s recession 'ended' in September 1991, when the unemployment rate was 10 per cent and rising, on its way to a peak of 11.2 per cent over a year later," he tweeted.

Cool.. Recession is still here.. Wish I could vote myself a tax payer funded pay rise too

BoganLabor Palaszczuk Progressive Communism Labor/GangGreens are the enemy of Australias economy,farmers, businesses, jobs & families /Bradfield irrigation project. 2020 Queenslanders ESPECIALLY inner city Brisbane put Laborlast get rid of the 3 stooges Tradd/Dath/Palaszczuk

HAHHAHAHAHAHA, isn't that quote from ScottMorrisonMP? Although economist think will be out by December.... Imagine if DanielAndrewsMP didn't stuff Hotel Quarantine........................

So long as we have LNP we are in recession because what Scott Morrison listens to is executives of mining companies and gas.. We will get nothing they will steal our treasure sell it and profit from selling it back to us.. Gas lead rip off auspol ausgov ThanksDan qt

kiwipaulb Tell the Truth for once Josh!!! The Highest Tax Take (Tax to GDP) in the last 30 years has consistently been under the L/NP govt. YOU ARE THE HIGHEST TAXING TREASURER!! Just like YOU ARE PRESIDING OVER FALLING HOUSE PRICES!!

The recovery will be when the liarfromtheshire loses his job.

What a STUPID observation. International tourism is shut down, travel is barely alive, victoria is in ruins. No kidding!!!!

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