Australia’s economic rebound: GDP rises 3.3 per cent -

The recession is officially over, with the Australian economy growing 3.3 per cent in the September quarter, according to new figures.

The economy went into recession in the June quarter after the worst contraction in gross domestic product since World War II.

But the Australian Bureau of Statistics on Wednesday confirmed an uptick in GDP, after shrinking 7 per cent in the previous quarter.

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