FED: PM says Australia has been dragged into recession

AAP General News (Australia)
04-22-2009
FED: PM says Australia has been dragged into recession

KEVIN RUDD's conceded Australia's in a recession.

The prime minister says the global economic recession has dragged us in .. and also
produced the single biggest collapse in tax revenues in post-war Australia.

Mr RUDD says we're in an exceptionally deep and widespread global recession .. with
28 of the world's 30 most developed economies already in recession .. or with three months
of economic contraction.

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KEYWORD: ECONOMY RUDD (PERTH)

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