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Australia’s Economy Rebound

The recession is over, Australia’s economy rebounded with GDP up 3.3% in the quarter

Australia's economy rebounded in the third quarter, data out today showed the economy expanded by 3.3% in the September quarter, reversing a 7% contraction in June quarter, led by consumer spending growth, which rose 7.9% in quarter, driven by massive fiscal and monetary stimulus since March.

Treasurer Josh Frydenberg said the results were cause for "optimism and hope".

- APMR News



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