- The Australian economy has rebounded in early 2021 from the impact of the COVID-19 pandemic restrictive measures that hit domestic demand during 2020.
- Australian GDP growth in the fourth quarter of 2020 rose by 3.1% quarter-on-quarter, the second consecutive quarter of positive growth after Australia entered a recession in the first half of 2020 with two consecutive quarters of negative growth.
- The Australian economy is showing improving economic momentum in the first half of 2021, helped by continued success during the first four months of 2021 in containing new COVID-19 pandemic cases.
For further details see:
Australian Economy Rebounds In Early 2021