Economic rebound set to continue with iron ore, consumer spending to boost GDP

This time last year, the outlook for Australia's economy was dire as the fallout from the pandemic sparked damaging lockdowns and border restrictions. 

But later this morning, official growth numbers are expected to confirm Australia's economic rebound continues with output surpassing pre-pandemic levels. 

ABC's Peter Ryan says forecasts have been upgraded to show first quarter growth of 1.5 percent, making 0.6 percent over the year.