Economic Recovery | Hewison

Economic Recovery

This month the Australian Bureau of Statistics revealed that the economy grew by 3.1% for the December 2020 quarter. This is in addition to 3.4% growth in the September 2020 quarter.  The strong economic turnaround in the second half of 2020 helped to recover a lot of the damage caused by COVID-19 in the first half of the year. Whilst overall,  the economy shrunk by 1.1% in 2020; it's really not a bad outcome considering the severity of the pandemic.

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Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.