Australia in recession for 1st time in nearly 30 years

Canberra, Sep 2 : Australia has officially entered its first recession after nearly 30 years, with the June quarter GDP numbers showing the economy went backwards by 7 per cent, the worst fall on record, official figures revealed on Wednesday. According to the Australian Bureau of Statistics (ABS), the latest figure follows a fall of 0.3 per cent in the March quarter...