
Economic rebound stirs hopes of recovery
The Australian economy has emerged from its first recession in nearly 30 years, growing by 3.3 per cent in the September quarter to beat predictions by economists and the Reserve Bank.
The Australian economy has emerged from its first recession in nearly 30 years, growing by 3.3 per cent in the September quarter to beat predictions by economists and the Reserve Bank.
Businesses are investing little, local consumers aren’t spending and the prospects of effective economic stimulus seem poor, according to a University of Adelaide economic report published today.
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