Recession avoided - implications for commercial property
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| Jones Lang LaSalle's latest economic update examines how the 0.4 per cent growth in the economy in the March 2009 quarter technically avoided a recession. | |
The Australian economy grew by 0.4% in the March 2009 quarter to avoid a technical recession, conventionally defined as two successive quarters of negative economic growth. Key drivers of the positive growth performance in the March quarter were a sharp fall in imports, growth in the volume of exports and continued strength in consumer spending. Weak private investment spending (-6.3%) and further falls in inventories weighed on the negative side of the ledger, but not by enough to overwhelm the positives.
Read the full report - Recession Avoided - Implications for Commercial Property.
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