How about that Aussie economy?
It’s growing, according to yesterday’s official update for January-March. And unlike the waistlines of many who have joined the WFH army (ahem…), the Aussie economy is back to its pre-pandemic size. In fact, it’s in better shape. Our Gross Domestic Product (GDP) grew another 1.8% in the first quarter of this year, taking annual economic growth to 1.1% – all driven by confident consumers, analysts say. It’s an incredible thing, given the doom and gloom predictions a year ago. And Deloitte Access Economics says we are one of just 6 countries that can boast about an economy that’s bigger than before COVID-19. But analysts say it’s not all smooth sailing from here. “The primary threats to the economic recovery are a broad Australian ‘second wave’ of the virus and a slow, extended vaccine rollout,” said CommSec’s Craig James.
Know someone who'd be interested in this story? Click to share...
The Squiz Today
Your shortcut to being informed, we've got your news needs covered.
Also Making News
Get the Squiz Today newsletter
Quick, agenda-free news that doesn't take itself too seriously. Get on it.