02 Jun The Australian economic recovery remained strong in the Mark quarter
Key Points:
- With growth of 1.8% in the March quarter, Australian GDP is now back above its pre pandemic level.
- While uncertainties remain – including around the latest coronavirus outbreak in Victoria – there are seven reasons for optimism that the recovery will continue at a decent rate: vaccines; global growth is ramping up; consumer spending is well supported; dwelling investment is likely to remain strong; business investment is strengthening; fiscal stimulus is continuing; and monetary policy remains ultra-easy.
