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Adding to the pain for the Australian Dollar (AUD) traders, reporters at Australian daily ABC news expect that the countries GDP per capita heads for a recession.

The analysis titled “Households’ living standards are still falling as GDP per capita heads for a recession” cites population growth as a major driver.

Excerpts from the analysis:

  • If there is one big thing that is keeping the economy from officially going backwards, it is population growth
  • Take out the impact of the population, GDP growth is a very line ball call.
  • GDP per capita shrank in the third quarter and on some forecasts it will shrink again in the fourth quarter – which technically would be a recession of sorts.