Aus­tralia trea­surer sees ‘good signs’

China Daily (Hong Kong) - - BUSINESS -

Aus­tralia is not head­ing for a re­ces­sion de­spite the fact the na­tion’s econ­omy fell by 0.5 per­cent in the Septem­ber quar­ter, the na­tion’s trea­surer, Scott Mor­ri­son, said on Thurs­day. Fol­low­ing Wed­nes­day’s an­nounce­ment that Aus­tralia’s econ­omy had fallen to its worst po­si­tion since the 2008 global fi­nan­cial cri­sis, Mor­ri­son said Aus­tralians should not buy into the “alarmist” lan­guage sur­round­ing the na­tion’s po­ten­tial vul­ner­a­bil­ity to re­ces­sion.

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