Back in the first three months of this year when we had JobKeeper, enhanced unemployment benefits and no lockdowns, Australia roared out of recession.
The GDP figures released on Wednesday tell us that in the months leading up to the end of JobKeeper and the coronavirus supplement at the end of March Australians spent, earned and produced an impressive 1.8% more than in three months to December, which was itself more 3.2% more than the three months to September, which was itself 3.5% more than the three months before that.
It's growth of more than 8%, described by Treasurer Josh Frydenberg as the most over three quarters since 1968.
But it followed a collapse in gross domestic product of 7% by far the worst since the Bureau of Statistics began compiling records in 1959.
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