Lockdowns sink Australian economy in third quarter

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  by Andrew BEATTY Agence France Presse SYDNEY, Australia (AFP) — Pandemic-induced lockdowns caused Australia’s economy to shrink 1.9 percent in the third quarter, a downturn that bucked the trend of a steady recovery in other wealthy nations. The Australian Bureau of Statistics on Wednesday reported the country’s second quarterly contraction since the pandemic began — and one of the largest contractions on record — sparked by long-running containment measures in populous states. Sydney, Melbourne […]