Wake Up Call: The lucky country waits on GDP

Booming prices for metals including iron ore, and a consumer spend up could be behind the predicted good news for the Australian economy.

Staff reporters

Wed, 02 Jun 2021

Summary Supply chain disruption in the upper South Island continues as bridges and road remain cut or under limited use due to flood damage. Look out today for Australia’s March quarter GDP figures, expected to reveal 1.5% growth, in a strong indicator our neighbour has shaken off pandemic-related economic woes.Growth rates up Australia’s March quarter gross domestic product figures are out today, and are expected to reveal output has outpaced pre-pandemic levels. Booming prices for metals including iron ore, and a consumer spend up...

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