Lockdowns sink Australian economy in third quarter

Pandemic-induced lockdowns caused Australia’s economy to shrink 1.9 percent in the third quarter, a downturn that bucked the trend of a steady recovery in other wealthy nations. The Australian Bureau of Statistics on Wednesday reported the country’s second quarterly contraction since the pandemic began — and one of the largest contractions on record — sparked […]

from Daily Times https://ift.tt/3de3VoN