Australia emerges from recession with 44-year high quarterly growth

By Ann Wen · 3 December 2020 · Featured

Australia emerges from recession with 44-year high quarterly growth

Australia's economy surges to 44-year high

Economic growth is on the rise in Australia, but what impact will it have on the country's future? Find out why this quarter's growth is a game-changer.

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Summary

Australia is no longer in a recession and economic growth is predicted to continue into the December quarter. On Wednesday, the ABS revealed a 3.3 per cent growth number for the September quarter, which is the highest quarterly figure since 1976. This figure would have been higher if there was no second wave in Victoria. […]