A woman walks past a sale sign in a department store in Melbourne's central business district on June 3, 2020.
And while it was smaller than the forecast 0.4 percent drop, Treasurer Josh Frydenberg said Australia was now on track to enter its first recession since 1991 "on the basis of the advice that I have from the Treasury Department about where the June quarter is expected to be". "We have avoided the economic fate, and the health fate, of other nations because of the measures that we have taken as a nation."
National Australia Bank's Kaixin Owyong said the economy would likely shrink 8.4 percent in the next three months.
Whilst China stamps their foot like a spoilt brat for the condemnation they gave them for their hiding Covid
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