The June quarter GDP data showed the economy expanded a solid 0.7%, reflecting strong momentum ahead of the recent disruptions.
The data for the current September quarter will be released later this year. It will almost certainly show GDP shrunk by more than 2%, led by a downturn in the NSW economy. Economic activity bounced back quickly after previous lockdowns. But this time around, there are questions whether the economy will rebound as fast as it has in the past.
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Information current as at 15 June 2020. © Westpac Financial Services Limited 2020.