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The Times

It isn't right to say we are out of recession, as these six graphs demonstrate

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
It isn't right to say we are out of recession, as these six graphs demonstrateLukas Coch/AAP

It’d be wrong to say that we are out of recession, although that’s how the graph of Wednesday’s GDP numbers makes it look.

Gross domestic product (the measure of everything produced and earned and spent) fell 7% between the March and June quarters after slipping 0.3% between the December and March quarters, and then...

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