Australian economic activity increased by 3.1% in December quarter
Strong GDP increases in two consecutive quarters shows that the economy is recovering twice as fast as expected in the October 2020 budget.
Strong GDP increases in two consecutive quarters shows that the economy is recovering twice as fast as expected in the October 2020 budget.
ABS announces a 7% contraction in GDP in the second quarter – the biggest drop in 61 years and our first recession in 30 years.
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