SYDNEY: Australia’s economy will take a hit this quarter from renewed lockdown restrictions to try and contain rising coronavirus cases, according to a Reuters poll of economists who said a snail-paced vaccination rollout was the top risk to growth.
After recording an unprecedented stretch of growth since 1991, the economy contracted 2.4% last year amidst the Covid-19 pandemic as borders and businesses were closed, but monetary and fiscal support has underpinned the A$2 trillion (RM6.19 trillion) economy.
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