Oh BNEA320, I feel sorry for you, you are like Chicken Little running around telling everyone who will listen that the sky is falling in. You must suffer from terrible anxiety.
You spent the last 2 years telling us that because you found a cheap airfare to LAX at Christmas, Qantas was certain to fail! You came out looking very foolish and rather than pulling your head in you are upping the ante and telling us that now the entire country is doomed! In fact, not only is a recession on the way, we are already in one.
Sadly for you, (but luckily for the rest of us), that doesn't appear to be the case.
GDP: Australian economy rebounds 1.1 per cent, beating expectations
I like this line the best:
"The decent rebound doesn't just dash any lingering fears that Australia was in a recession, but it also boosts hopes that the surge in commodity prices will trigger a rapid recovery," said Capital Economics chief economist Paul Dales. "The income recession of 2015 has given way to a mini income boom."
He is an economist, you are not.
We are NOT in a recession.