House debates

Wednesday, 2 December 2020

Questions without Notice

Economy

2:03 pm

Photo of Josh FrydenbergJosh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

The only person who's disappointed in today's national accounts is the Leader of the Opposition, because today's national accounts show that the economic recovery is underway—the economic recovery that every Australian has worked hard for, and the congratulations go to every Australian who has made sacrifices in order to see the resilience of our economy produce the result that we have seen today. That result in today's national accounts for the September quarter has seen a 3.3 per cent increase, the single largest quarterly increase in GDP since 1976. These national accounts numbers have been driven by households. Household consumption is up by 7.9 per cent after falling by 12.5 per cent in the June quarter.

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