Key statistics • The Australian economy rose 1.8% in seasonally adjusted chain volume measures • Through the year GDP rose 1.1% • The terms of trade rose 7.4% • Household saving ratio decreased to 11.6% from 12.2% {tables} Australian economy rose 1.8% in March quarter Gross Domestic Product (GDP) rose 1.8% this quarter, reflecting the continued easing of COVID-19 restrictions and the recovery in the labour market. The level of economic activity is now 0.8% above December quarter 2019 pre-pandemic levels and has grown 1.1% in through the year terms. {table} Strong growth in the terms of trade The terms of trade rose ... (full story)