Google AI

Weekend Times


The Times

Business News

Six graphs that explain Australia's recession

  • Written by: Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University






Australia’s recession is the deepest since the Great Depression of the early 1930s.

Nothing else comes close.

The economy shrank an extraordinary 7% in the three months to June – by far the biggest collapse since the Bureau of Statistics began compiling records in 1959.

The previous worst quarterly outcome was minus 2%, in June 1974.


Quarte...

Read more: Six graphs that explain Australia's recession

The Weekend Times Magazine

How to Pay Off Your Mortgage Faster

Paying off the mortgage on your property early can save you significant amounts of money on interest Freeing yourself of the burden of having to keep up with monthly mortgage...

Lady Elliot Island Tours

Uncover Island Bliss With a Luxury Vacay Exploring W Brisbane and Lady Elliot Island Who needs Bora Bora when you have one of the world's most pristine islands on your doorstep...

Protecting Properties with Durable Security Fencing

From residential homes to large commercial facilities, strong and reliable fencing provides peace of mind by keeping intruders out and safeguarding what matters most. Among the many options available, security...

Unit and construction market looks towards a new era of stability

The peak strata industry body in New South Wales representing the interests of all strata industry stakeholders says it is confident the era of construction and certifier cowboys will come...

Ben & Jerry’s launches ‘next-level ice cream’ phenomenon

Get ready, ice cream fans – a new ice cream revolution is coming to Australian shores! Ben & Jerry’s is today officially launching its new range of flavours to the...

Australia’s Booming Cosmetic Dentistry Market: What Patients Are Asking For in 2025

Cosmetic dentistry in Australia is experiencing an unprecedented boom, with more patients than ever seeking to enhance their smiles through innovative and accessible treatments. The landscape of aesthetic dentistry has...

What is Medicines Optimisation and Why is it Important?

Medicines optimisation is a patient-focused approach to safe and effective medication use that helps people get the best possible outcomes from their treatments. Rather than simply ensuring patients take their...

Coasting through Australia: 5 things you need to know

No matter where you choose to explore, you can never go wrong with Australia. The best time to spend time on the water in Australia is during the autumn and...

Dark Mode Emails: How to Design for Visibility and Impact

Image by DC Studio on Freepik With dark mode rolling out on various devices and email service providers, the need for emails to render correctly and legibly is vital. Dark mode...