{"id":17320,"date":"2019-03-07T11:16:05","date_gmt":"2019-03-06T22:16:05","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=17320"},"modified":"2019-03-07T11:16:05","modified_gmt":"2019-03-06T22:16:05","slug":"australias-economy-has-just-slid-into-a-recession-on-a-per-capita-basis","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australias-economy-has-just-slid-into-a-recession-on-a-per-capita-basis\/","title":{"rendered":"Australia\u2019s economy has just slid into a recession on a per-capita basis"},"content":{"rendered":"<p><strong>PHOTO: Australia<\/strong><\/p>\n<p class=\"description\">Australia has entered a \u201cper-capita\u201d recession for the first time in 13 years.<\/p>\n<div class=\"story-content\">\n<p>New government figures have confirmed the nation\u2019s economy has slowed notably, recording its second straight quarter where the economy shrank on a per-capita basis.<\/p>\n<p>What does this mean? GDP, or gross domestic product, measures the total value of goods and services produced by a country. This is used to assess how that country\u2019s economy is going.<\/p>\n<p>On a per-capita basis, Australia\u2019s total GDP growth level has shrunk over two consecutive quarters. It shrank at 0.1 per cent and 0.2 per cent in the September and December quarters respectively, according to the Australian Bureau of Statistics.<\/p>\n<p>A recession is defined as two consecutive quarters of negative economic growth, which the nation hasn\u2019t experienced since 1991.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/economy\/australian-economy\/australias-economy-has-just-slid-into-a-recession-on-a-percapita-basis\/news-story\/c93b7e604e30f6ac21bf59f3eaaed3ec\">NEWS.COM.AU<\/a><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p>https:\/\/www.instagram.com\/p\/BuUkQr6FdBp\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Australia Australia has entered a \u201cper-capita\u201d recession for the<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/australias-economy-has-just-slid-into-a-recession-on-a-per-capita-basis\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":15164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478101744,478098519,478098535,478103925,478098513,478099125,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478098701,478098536,478098618],"class_list":["entry","author-data123nz","post-17320","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-gdp-growth","tag-home-ownership","tag-house-prices","tag-negative-economic-growth","tag-property","tag-property-crash","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-recession","tag-sydney","tag-sydney-property"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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