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Economy

Australia's GDP rebounds sharply in Q3, beats forecast

COVID stimulus spurs 3.3% quarterly growth but economy not out of woods

Diners enjoy the waterfront by the Sydney Opera House in mid-November.   © Reuters

SYDNEY (Reuters) -- Australia's economy handily beat forecasts last quarter, rebounding from a coronavirus-induced contraction helped by massive stimulus, while growth is expected to be even stronger this quarter with near-zero new COVID cases.

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