Australia’s never-ending household recession

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Australian households are experiencing their longest recession in generations.

The Q4 national accounts released in March showed that real per capita home consumption declined for the eighth consecutive quarter.

A sharp dip in household incomes is driving the decline 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.