Booming iron ore exports and retailers restocking inventories in response to strong consumer spending have led economists to upgrade their already-upbeat expectations for March quarter economic growth figures due on Wednesday, which are expected to show output has already surpassed pre-pandemic levels.
Economic data released on Tuesday revealed strong resources exports helped Australia’s current account surplus hit a record $18.3 billion in the March quarter, an increase of $2.3 billion on the previous quarter.
Loading...
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
