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Australian Bureau of Statistics

Australian Bureau of Statistics latest

Australian Economy Emerges from Recession with 3.3 Percent GDP Growth
December 2nd, 2020 - 12:00 GMT

Australian Economy Emerges from Recession with 3.3 Percent GDP Growth

The Australian economy grew by 3.3 percent in the September quarter, signaling that the country is in a partial recovery from its pandemic-driven recession. The Australian Bureau of Statistics (ABS) on Wednesday announced the return to gross domestic product (GDP) growth, following the record 7 percent decline in the three months through June 2020, according to Deutsch Press agency (dpa). The return to growth follows six months of economic contraction ...
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