Diamond News

Disappointing results do not a recession make

Disappointing results do not a recession make

Jeweller Business News
Despite the Morrison Government’s tax cuts beginning to take effect, retail- spending figures for July published by the Australian Bureau of Statistics have fallen well short of expectations. However, while the data confirm that retailers are facing tough trading conditions, the Australian Retailers Association (ARA) notes that news of a ‘retail recession’ has been exaggerated.