The Switzer Report’s Peter Switzer says if Australia can manage “a small positive” in the March quarter, then the country can continue its world record of avoiding a technical recession, because June “will be a terrible one”. A technical recession occurs when there are two consecutive quarters of negative growth. “Five economists have come out and said the March quarter could be a small positive and I do hope they’re right,” Mr Switzer told Sky News. “June is going to be a terrible one, the worst in our lifetime, but September may well be a small positive,” he said. “If we can get a small positive now and a shocking June we still don’t get a technical recession, and we’ve been avoiding a technical recession for 29 years, a world record. “So that would be great for the psychology of the country.” Image: Getty
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Tuesday, June 2, 2020
June quarter ‘will be worst in our lifetime’
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