{"id":70465,"date":"2020-09-05T17:12:16","date_gmt":"2020-09-05T17:12:16","guid":{"rendered":"http:\/\/34.140.144.153\/2020\/09\/05\/australia-falls-into-recession-after-almost-30-years-of-growth\/"},"modified":"2020-09-05T17:12:16","modified_gmt":"2020-09-05T17:12:16","slug":"australia-falls-into-recession-after-almost-30-years-of-growth","status":"publish","type":"post","link":"https:\/\/guardian.ng\/tv\/australia-falls-into-recession-after-almost-30-years-of-growth\/","title":{"rendered":"Australia falls into recession after almost 30 years of growth"},"content":{"rendered":"<div class=\"dailymotion-responsive-container\" style=\"position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%;\"><div class=\"dailymotion-player\"><script src=\"https:\/\/geo.dailymotion.com\/player\/x1ee8e.js\" data-video=\"k6dTJzNwUmT6sVwgUTR\"><\/script><\/div><br><br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Australian economy has entered recession for the first time in almost thirty years, because of lockdown measures linked to the coronavirus pandemic. Household spending and hours worked fell between April and June, but government support for businesses and workers helped to prevent a drop in incomes. The 7 percent slump in GDP over the second quarter is the worst on record for the country. The Australian Finance Minister Josh Frydenberg described the impact of the virus on the economy as &#8220;devastating&#8221;.<\/p>\n","protected":false},"author":2,"featured_media":70466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"_gam_disable_ads":false,"footnotes":""},"categories":[1076,1539],"tags":[30384,26678,30385,4286],"class_list":["post-70465","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-news","category-world","tag-australian-economy","tag-lockdown","tag-lockdown-measures","tag-measures","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia falls into recession after almost 30 years of growth - GuardianTV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/guardian.ng\/tv\/australia-falls-into-recession-after-almost-30-years-of-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia falls into recession after almost 30 years of growth - GuardianTV\" \/>\n<meta property=\"og:description\" content=\"The Australian economy has entered recession for the first time in almost thirty years, because of lockdown measures linked to the coronavirus pandemic. Household spending and hours worked fell between April and June, but government support for businesses and workers helped to prevent a drop in incomes. The 7 percent slump in GDP over the second quarter is the worst on record for the country. The Australian Finance Minister Josh Frydenberg described the impact of the virus on the economy as &quot;devastating&quot;.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/guardian.ng\/tv\/australia-falls-into-recession-after-almost-30-years-of-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"GuardianTV\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-05T17:12:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s3.eu-west-1.amazonaws.com\/tv.guardian.ng\/2024\/06\/Australia-falls-into-recession-after-almost-30-years-of-growth.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1908\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abiodun Ogundairo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abiodun Ogundairo\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/australia-falls-into-recession-after-almost-30-years-of-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/australia-falls-into-recession-after-almost-30-years-of-growth\\\/\"},\"author\":{\"name\":\"Abiodun Ogundairo\",\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/#\\\/schema\\\/person\\\/a7ea396ab9bae73d4845496dbad885f1\"},\"headline\":\"Australia falls into recession after almost 30 years of growth\",\"datePublished\":\"2020-09-05T17:12:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/australia-falls-into-recession-after-almost-30-years-of-growth\\\/\"},\"wordCount\":16,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/australia-falls-into-recession-after-almost-30-years-of-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gtvcdn.guardian.ng\\\/2024\\\/06\\\/Australia-falls-into-recession-after-almost-30-years-of-growth.jpg\",\"keywords\":[\"Australian economy\",\"lockdown\",\"lockdown measures\",\"measures\"],\"articleSection\":[\"News\",\"World\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/guardian.ng\\\/tv\\\/australia-falls-into-recession-after-almost-30-years-of-growth\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/australia-falls-into-recession-after-almost-30-years-of-growth\\\/\",\"url\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/australia-falls-into-recession-after-almost-30-years-of-growth\\\/\",\"name\":\"Australia falls into recession after almost 30 years of growth - 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