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Australia’s GDP data will show strong growth – but don’t jump for joy | Greg Jericho

The June quarter figures will be much better than the worst of 2020 but that’s not saying much

Wednesday’s GDP figures are likely going to show either record annual growth or at least the best for over 50 years.

And to a large extent it will be meaningless. The figures will do little than provide a look in the rear vision mirror at an economy before New South Wales and Victoria went into lockdown and which only looks good when we compare things with the worst of 2020.

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Read the original article at The Guardian

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