SYDNEY -- Australia's economy grew a brisk 3.1% last quarter, marking the first time gross domestic product has expanded more than 3.0% for two consecutive terms in the 60-year history of the national accounts.
Although annual output still declined 1.1% for 2020, the performance in the second half was a ringing endorsement of the country's rapid policy response to COVID-19 and showed the economy's resilience in the face of intense trade pressure from China.
