Key statistics: • The Australian economy rose 0.8% in seasonally adjusted chain volume measures • In nominal terms, GDP rose 3.7% • The terms of trade rose 5.9% • Household saving ratio decreased to 11.4% from 13.4% {table} Gross Domestic Product (GDP) rose 0.8% this quarter, following a rise of 3.6% in December. In contrast to previous COVID-19 strains, there was continued growth in economic activity through the peak of the Omicron variant outbreak. Severe weather events in New South Wales, Queensland and South Australia during the quarter affected supply chains and dampened activity in some industries. For further ... (full story)