Why your superannuation balance is suddenly soaring – NEWS.com.au

The Australian sharemarket has been on a stellar run of late, breaking all-time records three times in recent days and its expected to keep climbing higher.When the Covid-19 pandemic struck, global sharemarkets plunged as it was clear economies were headed for significant recessions – two consecutive quarters of negative growth or in layman’s terms, going backwards.
A recession was officially declared in Australia in September, ending the nation’s record run of 28 consecutive years of economic growth.
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