Wednesday, December 2, 2020

Australia's economy bounces back from pandemic though recovery to be slow and uneven

Australia's economy is in the midst of an extraordinary recovery from the worst downturn since the Great Depression. 

Official growth figures out this morning show the economy grew 3.3 percent in the three months to September - meaning the "technical" recession brought on by the pandemic is now over. 

Reserve Bank governor Philip Lowe has confirmed the economy has "turned the corner" but warns the recovery will be bumpy. 

Here's my analysis from The World Today


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