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

20220301 australia

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

PRASHANT MEHRA, Contributing writer

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.

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