Australias economy is rebounding. But were not out

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Australia's economy is rebounding. But we're not out of the woods yet - Today News Post News Today || Headlines Today

The Australian economy smashed expectations on WednesdayCommences two to four weeks after Phase One when 60 per cent o, expanding 3.1 per cent over the December quarter to cap off the fastest six months of growth on recordToronto officials announced a.

But Australians will struggle to find enough jobs and wages growth will be weak for quite some time?as economists warn of a?uniquely bumpy pandemic recovery.

That’s because the historic rebound from the pandemic-induced crash last year is starting to slow. And unlike with past recessionsshortSeoGoogleHead, ongoing restrictions on certain sectors are limiting the capacity of some segments of the economy to return to normalThe Olympics despit.

Activity in sectors such as transport, accommodation and food services declined more than 10 per cent in 2020, while the crucial mining sector fell 3.6 per cent.

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