Australia tumbled into its first recession for almost three decades with its pandemic-crippled economy shrinking a record seven per cent in the second quarter, official data shows. With vast swathes of the domestic and global economy shut down to contain the deadly disease, business activity suffered a catastrophic drop -- despite govt providing billions of dollars in support.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/31NlCqA
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