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Economy

Australia fears of Q3 GDP slump lessened by robust recovery

Government firm on keeping economy open as 87% of adults double vaccinated

Flight crew members and travelers arrive in Sydney on Nov. 30. Australia is determined to keep its economy open, despite the emergence of the omicron COVID-19 variant.   © Reuters

SYDNEY (Reuters) -- Australia's economy slammed into reverse last quarter as the Delta outbreak put half the population under lock down, though a speedy recovery is already underway as world-beating vaccination rates set Sydney and Melbourne free.

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