Please Explain podcast: the biggest economic contraction since Great Depression

Australia is officially in recession. Data from the ABS on Wednesday showed the economy contracted by 7% in the June quarter as households and businesses slashed spending. It was the second consecutive quarterly drop in GDP.

In this episode, national editor Tory Maguire is joined by senior economics correspondent Shane Wright to discuss the government's attempts to mitigate the financial impact of the coronavirus recession on Australians.

Our supporters power our newsrooms and are critical for the sustainability of news coverage.

Becoming a subscriber also gets you exclusive behind-the-scenes content and invitations to special events. Click on the links to subscribe to The Sydney Morning Herald or