InvestSMART’s Evan Lucas says along with Japan, Australia is one of the “best performing” developed economies in the world after reporting an “incredible” economic growth of 3.1 per cent over the December quarter.
“It’s an incredible figure and it means the two quarters … was the best on record in terms of those two quarters of growth to se that kind of movement,” he said.
“We’re now only 1.1 per cent down from where we were.
“We are, in the developed world, along with Japan, the best performing developed economies on the planet.
“The next one outside of that is South Korea, they’re down 1.4 per cent.
“Everything else is down over 3 per cent or more”.