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Australia GDP climbs 1 8% in Q1, back to pre-pandemic time

Australia s economy booms to pre-pandemic time as consumers, businesses spend Reuters 1 hr ago By Swati Pandey © Reuters/LOREN ELLIOTT FILE PHOTO: People cross a busy street under holiday decorations in the city centre of Sydney By Swati Pandey SYDNEY (Reuters) -Australia s economy extended its rapid recovery in the first quarter as consumers and businesses spent with abandon, lifting output back above where it was last year when pandemic lockdowns tipped the country into recession. The economy expanded by a real 1.8% in the three months to March, data from the Australian Bureau of Statistics (ABS) showed. Economists in a Reuters poll had forecast a 1.5% rise following an upwardly revised 3.2% gain in the fourth quarter.

New south walesWayne coleAustralian bureau of statisticsAustralian bureauAna nicolaciபுதியது தெற்கு வேல்ஸ்வேன் கோல்ஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள்ஆஸ்திரேலிய பணியகம்

Economy grows faster than expected

GDP figures show economic growth beat forecasts in the March quarter, as stimulus measures fuelled a strong rebound from Covid.

Australian bureau of statisticsAustralian bureauஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள்ஆஸ்திரேலிய பணியகம்

Australian Dollar Extends Drop As Victoria Lockdown Continues

Australian Dollar Extends Drop As Victoria Lockdown Continues Victoria s Covid-19 infections rose by 6, to a total of 60 cases, on Wednesday. In a press conference, acting Premier James Merlino said that people will be required to stay at home except for essential work. Salons and retail shops will be permitted to re-open and religious ceremonies were allowed by social distancing rules. The news of lockdown offset the impact of upbeat GDP data for the first quarter. Data from the Australian Bureau of Statistics showed that Australia s gross domestic product climbed a seasonally adjusted 1.8 percent on quarter in the first three months of 2021.

New yorkUnited statesNew zealandKostenloser wertpapierhandelJames merlinoAustralian bureau of statisticsPremier james merlinoAustralian bureauStatistics new zealandFed beigeபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்புதியது ஜீலாந்துஜேம்ஸ் மெர்லினோஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள்ப்ரிமியர் ஜேம்ஸ் மெர்லினோ

Crikey Worm: We get locked down, but we get locked down again

More than five million Melburnians are set for at least another week of lockdown, and hundreds of casual workers and foreign students are lining up for food relief in Melbourne as they face a second week with reduced or no income.

New yorkUnited statesNew south walesSouth australiaSouth walesAustralian capital territoryPatrick dodsonBri leeJosh frydenbergAlan tudgeBrett suttonArcare maidstoneScott morrisonRichard colbeckCatherine bennettDjab wurrung

Australia s economy booms to pre-pandemic levels in Q1

Australia s economy booms to pre-pandemic levels in Q1
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United kingdomDeloitte koldingKristian koldingJosh frydenbergEuropean unionAustralian bureau of statisticsAustralian bureauDeloitte accessReserve bankTreasurer josh frydenbergஒன்றுபட்டது கிஂக்டம்கிறிஸ்டியன் கோல்டிங்ஐரோப்பிய தொழிற்சங்கம்ஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள்ஆஸ்திரேலிய பணியகம்டெலோய்ட்டே நுழைவு