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Forget the technical jargon – Australia’s in a Covid recession right now

The country mightn’t technically be in recession but most of the figures amid widespread lockdowns are grim, apart from property sales

Forget the technical jargon – we’re in a recession right now and, without jobkeeper, getting out is going to be a lot harder.

Retail spending is falling, especially among hospitality businesses in Sydney and Melbourne that are now completely reliant on takeaway and delivery to keep ticking over.

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Read the original article at The Guardian

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