ABS figures show economy grew 0.7% in June quarter but big contraction still expected as lockdowns bite
The Australian economy grew by 0.7% in the June quarter, with growth already slowing in the months before the Delta strain spread uncontrollably in New South Wales and Victoria.
The result, announced by the Australian Bureau of Statistics on Wednesday, means Australia has avoided a technical recession for now, before an expected massive contraction in the September quarter due to lockdowns in its two largest states by population.
