Australia's recession 'heartbreaking', PM says


It was confirmed yesterday that Australia's much-envied streak of 29 years without a recession was coming to an end.

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It was confirmed yesterday that Australias much-envied streak of 29 years without a recession was coming to an end.

Speaking today, Prime Minister Scott Morrison described it as heartbreaking and something that I never wanted to see happen in Australia ever again.

Data shows that the economy shrank by 0.3% in the first three months of the year, amid bushfires and the early stages of the outbreak.

But Mr Morrison insists Australia is well placed to recover economically amid low numbers of infections. Australia has five people with the virus currently in intensive care,according to official figures.

There are many lives and livelihoods that are going to be impacted by the dreadful impact of the coronavirus, both on the health impact and on the economic impact - jobs lost, businesses closed. But Australia is reopening, Mr Morrison said.

Political opponents have criticised some stimulus measures as privileging the wealthy such as government grants for those who spend A$150,000 (82,000; $103,000) or more on home renovations.