Australias gross domestic product or GDP rose by a seasonally adjusted 3.4% on quarter in the fourth quarter of 2021, the Australian Bureau of Statistics said on Wednesday. This followed the 1.9% contraction in the three months before. On a yearly basis, GDP gained 4.2%, up from 3.9% in the third quarter. Real net national disposable income rose 1.7%, while the terms of trade fell 5.1%. Household saving ratio dropped to 13.6% from 19.8%.
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