Australia’s economy slips into per capita recession with two negative quarters | Englishheadline

Australia’s economy has slipped into a per-capita recession – registering two negative quarters of per-capita GDP growth.

According to the Australian Bureau of Statistics, on a seasonally adjusted basis, GDP jumped 0.4 per cent in the June quarter and was up 2.1 per cent for the year.

Productivity growth – or GDP per hour worked – fell 2 per cent in the June quarter, and that’s a major concern for Treasurer Jim Chalmers.