How did the economy grow in the middle of a pandemic?

The Morning Edition

English - September 02, 2021 03:28 - 12 minutes - 11.6 MB - ★★★★ - 14 ratings
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Figures released by the Australian Bureau of Statistics on Wednesday showed the economy expanding by 0.7 per cent through the June quarter, taking annual growth to an all-time high of 9.6 per cent.

But the figures pre-date the majority of the lockdowns the country has been experiencing this winter, leading economists to warn the September quarter results aren’t likely to be as strong.

Today on Please Explain, senior economics writer Shane Wright joins Nathanael Cooper to explore what helped boost the economy last quarter.

Subscribe to The Age & SMH: https://subscribe.smh.com.au/

See omnystudio.com/listener for privacy information.

Figures released by the Australian Bureau of Statistics on Wednesday showed the economy expanding by 0.7 per cent through the June quarter, taking annual growth to an all-time high of 9.6 per cent.

But the figures pre-date the majority of the lockdowns the country has been experiencing this winter, leading economists to warn the September quarter results aren’t likely to be as strong.

Today on Please Explain, senior economics writer Shane Wright joins Nathanael Cooper to explore what helped boost the economy last quarter.

Subscribe to The Age & SMH: https://subscribe.smh.com.au/

See omnystudio.com/listener for privacy information.