SYDNEY: Australia’s economy expanded at a much faster-than-expected pace in the final quarter of last year and all signs are that 2021 has started on a firm footing too helped by massive monetary and fiscal stimulus.
The economy accelerated 3.1% in the three months to December, data from the Australian Bureau of Statistics showed, higher than forecasts for a 2.5% rise and follows an upwardly revised 3.4% gain in the third quarter.
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