This thread is just for BNEA320 to be able to rant and rave about the "coming recession".
In multiple threads over the last few months he/she has continually suggested that Australia is either in a recession or very soon to be. He/she then goes off on a tangent about the falling real estate market which is a whole other issue.
So economic news out today shows that the June quarter growth was 0.8% compared to 0.3% for the March quarter.
GDP: Australia's economic growth picks up on consumer spending, but can the good times last? - ABC News (Australian Broadcasting Corporation)
So given that a recession is defined as two consecutive quarters of "negative" growth then we are not in recession. We have not had a negative quarter since last year.
So I thought if we can talk about your claims here BNEA320 then perhaps you can stop the thread drift on other threads about your pet theory of recession?
So when is it due please?