Australia in per capita recession 'for three consecutive quarters'

Economist Leith Van Onselen says Australia has been in recession per capita “for three consecutive quarters” due to “extreme population growth”. “In the year to September, last year, which is the national accounts data is the latest data we have got, The Australian economy actually went backwards 0.3 per cent in per capita terms,” he told Sky News Australia host Chris Kenny. “The overall economy grew by 2.1 per cent basically because of extreme population growth. “It didn’t grow fast enough to keep up with the population which grew by 2.4 per cent. “Real per capita household’s disposable incomes actually fell by 6 per cent in the year to September … it is a very weak economy now.”