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Richard Holden, Professor of Economics, UNSW Sydney

Vital Signs: Australia's hairdressing-led economic recovery can't last

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“It’s difficult to make predictions, especially about the future,” American baseball legend Yogi Berra once quipped. When it comes to predicting where the Australian economy is heading the task is made even trickier in the face of war in Europe and uncertainty about the global energy and other markets.

This week there was some good news. Australia’s economic growth (GDP) bounced back strongly in the last quarter of 2021, up 3.4%, according to Australian Bureau of Statistics figures.

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