They reflect the success that Australia has had on the health front, the very large fiscal and monetary policy support, and the flexibility of Australians in getting on with their lives and businesses. As a result, we are now within striking distance of recovering the pre-pandemic level of output.
Graph 1  GDP Growth %  % Year-ended  4  4  2  2  0  0 Quarterly  -2  -2  -4  -4  -6  -6  -8 2000  2004  2008  2012  2016  2020  -8  Source: ABS  There has also been positive news on the employment front over recent months.