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News: WA Economy Grows by 0.1% for December Quarter, 4.9% 2021

The Western Australia economy grew by only 0.1% for the December 2021 quarter, according to statistics released today by the ABS.

WA’s slow growth rate compared to NSW and Victoria recovering from lockdowns recording 6.7% and 3.7% respectively. Meanwhile, Queensland recorded 0.0% for the quarter.

For the 2021 year, WA’s economy grew 4.9%. This is after growing by 1% in 2020.

Nationally, Australia recorded 3.4% growth for the quarter.

Graph of national growth found in the ABS release here.

Despite the slowed growth for the last quarter of 2021, the overall growth rate for the year for the Western Australian economy was a strong 4.9%, which is a great sign for businesses.

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