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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