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Australia GDP grew 1.8% qoq in Q1, recovered to above pre-pandemic levels

ActionForex
By ActionForex

Australia GDP grew 1.8% qoq in Q1, above expectation of 1.1% qoq. Through the year, GDP rose 1.1%. Head of National Accounts at the ABS, Michael Smedes said: “With 1.8% growth in the March quarter 2021, Australian economic activity has recovered to be above pre-pandemic levels and has grown 1.1% through the year.”

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