{"id":84933,"date":"2017-07-06T16:44:54","date_gmt":"2017-07-06T05:44:54","guid":{"rendered":"http:\/\/smartoffice.com.au\/rudds-recession-isnt-happening-2\/"},"modified":"2017-07-06T16:44:54","modified_gmt":"2017-07-06T05:44:54","slug":"rudds-recession-isnt-happening-2","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/2017\/07\/06\/rudds-recession-isnt-happening-2\/","title":{"rendered":"Rudd&#8217;s Recession Isn&#8217;t Happening"},"content":{"rendered":"<p>Prime Minister Kevin Rudd&#8217;s so called recession has been put on hold according to the latest data from the Australian Bureau of Statistics who today said that the economy grew by 0.4% in the March quarter 2009.<P>Until yesterday most economists had expected today&#8217;s national accounts data to reveal that Australia was technically in recession, after GDP shrank by 0.5 per cent in the December quarter.<\/P><P>Positive balance of payments figures for the March quarter, which showed strong net exports and a 27 per cent contraction in the current account deficit, have led to revised forecasts.<\/P><P>In other new the Australian dollar has hit $0.82 and the Australian National Retailers Association reported that retail sales rose 0.3 per cent in April, which is a positive sign for retailers and both Harvey Norman and JB Hi Fi have reported &#8220;good&#8221; sales on consumer electronic goods during May despite severe shortages of stock including HD TV&#8217;s, personal video recorders and home theatre kits. <\/P><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Kevin Rudd&#8217;s so called recession has been put on hold according to the latest data from the Australian Bureau of Statistics who today said that the economy grew by 0.4% in the March quarter 2009.<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,179],"tags":[],"class_list":["post-84933","post","type-post","status-publish","format-gallery","hentry","category-archive","category-retail","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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