Business
Australia records economic growth for first time since March, GDP figures show – ABC News
Figures from the Bureau of Statistics show Australia’s economy is beginning to recover, as gross domestic product grows for the first time in more than six months,…
Australia’s economy grew 3.3 per cent in the September quarter, according to the latest gross domestic product (GDP) figures from the Bureau of Statistics.
Key points:
- GDP rose 3.3 per cent this quarter, as COVID-19 restrictions eased across most states and territories
- Household consumption grew almost 8 per cent after a 12.5 per cent decline last quarter
- Reserve Bank governor Philip Lowe expects the economy to continue growing this quarter but says Australia’s recovery from the recession will be…
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