PSK Weekly Wrap
Q2 GDP growth strong, but weakness ahead
3 Sep 2021
The Australian economy rose by 0.7% in the 2nd quarter, coming in above expectations, in a massive improvement on the same quarter last year given the then sharp contraction. Household consumption, business investment, residential construction and public spending all made solid contributions to growth, which goes to show how well the economy was doing prior to the current round of lockdowns.