Australia bounces out of coronavirus-induced recession, economy grows 3.3 percent

WELLINGTON, NZ: Australia's economy grew by 3.3% in the third quarter, rebounding from its first recession in nearly three decades as it recovered from pandemic-related shocks, according to figures released Wednesday.

Treasurer Josh Frydenberg told reporters the country still has a lot of ground to make up from the coronavirus downturn.

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https://economictimes.indiatimes.com/news/international/business/australia-bounces-out-of-coronavirus-induced-recession-economy-grows-3-3-percent/articleshow/79525840.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst