Australian households cannot escape recession

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Australian households are suffering their longest recession in generations.

The Q4 national accounts, released in March, revealed that real per capita household consumption fell for an eighth consecutive quarter.

Real household consumption

A steep decline in household incomes is behind the fall in consumption.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.