Treasurer reveals plan to kickstart Australian economy from worst slump since Great Depression

The government is considering fast-tracking person tax cuts to boost the economy as Australia experiences its worst slump since the Great Depression of the 1930s.

The country is now officially in a recession after June quarter data revealed the nation's gross domestic product (GDP) has shrunk by 7 per cent.

Data released by the Australian Bureau of Statistics (ABS) revealed that in the three months from April to June the nation's GDP suffered its biggest drop since records began in 1959.

Read more: https://www.9news.com.au/national/coronavirus-treasurer-plan-to-get-australia-out-of-recession/12f0efd2-0857-43f2-acc9-4523215092e8