Australian entrepreneur and podcast host Mark Bouris has claimed Australia is “definitely in a recession” despite the latest GDP figures showing Australia's economy grew marginally in the March quarter.
Mark Bouris declares Australia 'definitely in a recession' as Reserve Bank keeps interest rates on hold at 4.35 per cent
“I don't know why they don't look at that number – they just look at the overall number – but on a per capita, we are absolutely ."The entrepreneur and podcast host said that this means that Australians' standard of living was"reducing”.
“Two weeks ago, all the major newspapers and all the major commentators are saying, interest rate increase. It's on the cards. It's going to happen,” he said. "If in a three-month period you get a half a per cent variation in unemployment compared to the whole year's lowest unemployment number – which is what's happened in America - then we're going to have a recession,” he explained.
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