Name: CHAN, Sin Fong
Subject: Australia is definitely is in technical recession!
Visit Time: 4/06/2009 10:42 PM
Remark:
Kevin Rudd, Malcolm Turnbull, the interviewers and interviewees did not pick up that Australia is really in technical recession, according to the ABS latest release of March quarter Australian National Accounts. The GDP increase of 0.4% in March quarter is a seasonally adjusted change, against the real trend change of -0.1%. ABS explains in the explanatory notes that “... trend estimates ... are more suitable than either the seasonally adjusted or original data for most business decisions and policy advice”. 