ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Australia GDP up 3.4% in Q4 as election looms for Morrison

Consumers help push annual growth to 4.2% but Ukraine war fuels inflation threat

Australia's economy continues to recover from the pandemic, but the persistence of COVID-19 and the Ukraine crisis make the outlook harder to gauge.   © Reuters

SYDNEY -- Australia's economy rebounded sharply last quarter as the country emerged from its most stringent pandemic lockdowns, in welcome news for Prime Minister Scott Morrison ahead of a tough election campaign.

The economy expanded by 3.4% in the three months to December, data from the Australian Bureau of Statistics showed on Wednesday. Economists had forecast a 3.5% rise following the lockdown-driven 1.9% decline in the September quarter.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more