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Australia Economy Could Slide Back Into Recession, Citi, AMP Say

Australia Sees Worst Day of Pandemic Amid Delta Outbreak
Photographer: Brendon Thorne/Bloomberg

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Australia’s economy may have shrunk slightly in the three months through June, setting up the bad “optics” of a technical recession when combined with the lockdown-induced contraction expected for the current quarter, according to Citigroup Inc. and AMP Capital Investors Ltd.