Sky News Business Editor Ross Greenwood says Australia is “not on track for recession” despite GDP slowing to a rate of 0.5 per cent quarterly and 2.7 per cent year on year.
“But you can see a genuine slowing, and even the Reserve Bank Treasury are modelling that Australia’s
economy could be growing at an annual rate of less than 1 per cent by the end of this year,” Mr Greenwood said.
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