Covering the rebounding domestic economy, strong government spending, the war in Ukraine, higher commodity prices and strong employment growth, this article is a great way to easily update your clients on the current state of the economy.
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Robust domestic economic growth
Australia is rebounding from the pandemic, with domestic economic growth forecast to reach 3.5 per cent this financial year. Some analysts predict it might be even stronger, possibly reaching as high as 4 per cent.
Driven by Government spending
Much of this is due to the lingering impact of the Federal Government’s massive $343 billion health and economic pandemic support packages, as well as further spending in response to recent floods in New South Wales and Queensland.
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