Australia’s GDP grew 0.6% in September quarter and 5.9% annually as economy recovered from Covid lockdowns

GDP figures show rapid economic growth across the year as Covid lockdowns were lifted, but quarterly increase came in slightly below expectations

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Australia's GDP expanded at the fastest annual rate this century in the September quarter as the economy accelerated from Covid-related lockdowns a year earlier.

In the July-September period, GDP was 5.9% higher than a year ago, when about half the economy was emerging from tight pandemic-linked disruptions, the Australian Bureau of Statistics said. Economists had tipped annual growth to be about 6%, or the fastest since at least 2000.