Coronavirus causes Australia to enter recession for first time in 28 years

Signs in store window advertise that they are closing in Sydney (AP)

Australia’s economy has suffered its sharpest quarterly drop since the Great Depression because of the pandemic, with official data released on Wednesday confirming the country is experiencing its first recession in 28 years.

The latest national accounts showed the economy shrank 7% in June, the biggest contraction since records began in 1959.