Australia’s economy edged closer back towards normal in the three months to March, growing by 0.8% in the quarter (which is towards the upper end of economic growth before COVID hit in early 2020) and 3.3% over the year to the March (which is somewhat higher than before the pandemic).
The economy is now 4.5% bigger than before the COVID pandemic started. This is a stronger recovery than experienced in the United States, the European Union, the United Kingdom, South Korea and Canada.
