Australian economic activity increased by 3.1% in December quarter
Strong GDP increases in two consecutive quarters shows that the economy is recovering twice as fast as expected in the October 2020 budget.
Strong GDP increases in two consecutive quarters shows that the economy is recovering twice as fast as expected in the October 2020 budget.
Frydenberg notes that the updated budget numbers are better than what was expected when the original budget was presented 10 weeks ago.
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