Australia is on the verge of another recession as GDP dramatically drops after lockdowns across the country Australia's economy contracted by 1.9 per cent in the September quarter
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Australia is on the verge of another recession with the economy suffering the biggest contraction since the start of the pandemic.
Extended lockdowns in Sydney and Melbourne caused national gross domestic product to shrink by 1.9 per cent in the September quarter.
This was the sharpest downturn