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Why Australia’s extraordinary Covid recovery is BAD news if you are a home borrower
- Australia’s economy surged by a very strong 3.1 per cent in December quarter
Australia’s economic growth has continued to surge sparking fears interest rates won’t be able to remain at record lows for long.
National gross domestic product soared by 3.1 per cent in the December quarter.
This followed a 3.4 per cent increase in the September quarter, which itself was the fastest economic expansion since early 1976.
Australia’s economic growth has continued to surge sparking fears interest rates won’t be able to remain at record lows. National gross domestic product soared by 3.1 per cent in the December quarter. Pictured are shoppers at Melbourne’s Bourke Street Mall in November
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