Australia's COVID economic recovery the priority for Josh Frydenberg

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Australians passed a milestone in a marathon during the past few weeks when the country grew strongly enough to undo the great shrinking of the national economy last year.
Treasurer Josh Frydenberg will not even claim to have passed this marker in the recovery from crisis, but economists believe the nation’s gross domestic product is now as big as it was before the pandemic.
Treasurer Josh Frydenberg: ‘a natural optimist’, says one economist.
Credit:Alex Ellinghausen
This was not meant to happen so fast. The pandemic recession destroyed so much economic activity – as measured by the imperfect benchmark of real GDP – that most thought Australia would take years to regain ground.

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