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ABC News
ABC News
Business
The Drum / By David Taylor

HISTORICAL FACTS: The risk of australia entering recession has just risen | History Defined

There are early signs Australia's economy is buckling under the strain of inflation and cost-of-living pressures. 

The Bureau of Statistics reported on Tuesday that retail sales for December fell 3.9 per cent.

One economist described it as a "plunge" in sales.

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