this post was submitted on 27 Mar 2026
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[–] eureka@aussie.zone 1 points 1 month ago* (last edited 1 month ago)

We haven’t had a recession in decades.

On 2 September 2020, as a result of the COVID-19 pandemic, Australia officially went into recession (defined as two quarters of negative growth) with GDP falling 7% in the June 2020 quarter, the largest drop on record. GDP fell 0.3% in the March quarter. [Wikipedia]