Turnbull not expecting recession

Prime Minister Malcolm Turnbull does not expect the national accounts on March 1 will show the economy sank into recession in the second half of 2016.

1 min read

Published 1 February 2017 1:48pm

Source: AAP

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Prime Minister Malcolm Turnbull does not expect the economy has sunk into recession after recent shock growth figures.

The economy unexpectedly shrank 0.5 per cent in the September quarter, and a further decline when the December quarter figures are released on March 1 would constitute a technical recession.

"I'm not expecting that outcome," Mr Turnbull told the National Press Club on Wednesday.

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