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First Australia recession in nearly 30 years

Video Credit: Reuters Studio - Duration: 01:27s - Published
First Australia recession in nearly 30 years

First Australia recession in nearly 30 years

Australia fell into its deepest economic slump on record last quarter, marking the start of a technical recession on Wednesday.

Figures showed the economy shrank 7% in the three months to the end of June.

Adam Reed reports.


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