Business
Economy back to its pre-virus size as shoppers continue spending spree – The Sydney Morning Herald
The economy grew another 1.8 per cent in the March quarter, taking it back to where it was before the outbreak of the coronavirus pandemic.
The Australian economy is back to its pre-coronavirus pandemic size after growing another 1.8 per cent through the first three months of 2021 as households maintained their stimulus-aided spending spree.
The Australian Bureau of Statistics on Wednesday reported GDP has now increased by 1.1 per cent over the past 12 months, enough to overcome the 7 per cent contraction that occurred in the June quarter of 2020.
The Australian economy is back to its pre-pandemic size as households maintained their…
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