Economy is ‘quite strong' and not heading into a recession: Gerry Harvey

Harvey Norman Chairman Gerry Harvey says the economy is being portrayed as something which is 'not strong' and is becoming increasingly weaker every day to the point where Australia will be in a recession within a year. Mr Harvey told the ABC's Lateline program that he based his prediction on what

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Mar 5, 2023 • 2 min read

Harvey Norman Chairman Gerry Harvey said that the economy is being presented as something that is 'not strong'. The economy is getting weaker by the day, to the point where Australia could be in recession. According to Ross Greenwood, Sky Business Editor, Harvey said that in order for Australia to be in a recession, there must be unemployment of 7, 8, 9, 10, and 1%. "At the moment, the economy is quite strong. "Are we going not to face reality?"

Harvey Norman Chairman Gerry Harvey says the economy is being portrayed as something which is 'not strong' and is becoming increasingly weaker every day to the point where Australia will be in a recession.'To have a recession, you've got to have unemployment at 7, 8, 9, 10 per cent, it's nowhere near that,' Mr Harvey told Sky Business Editor Ross Greenwood.

'At the moment the economy out there is quite strong.'Are we going to ignore reality?'

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This was my SkyAus account. Strong for the wealthy, but sucks to the middle and lower classes. Labor government trying to blame previous government, no doubt! !

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