Australia's Business Cycle Stage as of 2021: Recovery and Expansion

Australia's Business Cycle (September 2021 Assessment)

As of September 2021, the Australian economy was emerging from the COVID-19-induced recession and entering an expansion phase. Key indicators—GDP growth, employment, consumer spending—were trending positively.

Note: Economic conditions evolve rapidly. For the current business cycle stage, consult the Reserve Bank of Australia, Australian Bureau of Statistics, or reputable financial news sources.