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    HomeLive CommentsAustralia GDP grew 3.4% qoq in Q4, no material impact from Omicron

    Australia GDP grew 3.4% qoq in Q4, no material impact from Omicron

    ActionForex
    By ActionForex

    Australia GDP grew 3.4% qoq in Q4, above expectation of 2.9% qoq. Real net national disposable income rose 1.7%. Terms of trade fell -5.1%. GDP in the December quarter 2021 was 3.4% above December 2019 pre-pandemic levels.  The emergence of the Omicron variant over the second half of December 2021 did not have a material impact on activity this quarter.

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