Business
Covid: Australia economy climbs back to pre-pandemic size – BBC News
The country’s rapid recovery has been driven by booming commodity prices and domestic spending.
image copyrightGetty Images
image captionCoal is a major export for Australia
Australia’s economy has continued its rapid rebound, to grow larger than it was before the Covid-19 pandemic.
Official figures show that gross domestic product (GDP) rose by 1.8% in the first quarter, beating expectations.
Growth was spurred by a soaring demand for commodities around the world and spending by consumers and businesses.
Last year, Australia was tipped into recession after lockdown measures were imposed across…
-
Noosa News23 hours agoFood supply chain system costs farmers and regions millions of dollars
-
Business23 hours agoBuy and hold NDQ and these ASX ETFs for 10 years
-
Noosa News22 hours agoDr Sally Shrapnel became one of Australia’s leading scientists in her area after taking a quantum leap
-
Business19 hours agoRecord CBA share price and Iran-Israel ceasefire lift ASX 200 financials to new peak