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Australian economy grows 3.3% in September quarter
The Australian economy rose 3.3% in the September quarter, the latest national accounts reveal.
The national accounts, released by the Australian Bureau of Statistics just now, shows that rise in seasonally adjusted chain volume measures, after a 7% fall in the June quarter.
That 7% fall was the biggest fall ever seen since records began in 1959 in Australia.
Through the year, the ABS said, GDP fell 3.8%.
It also said terms of trade rose 0.7%, and the household saving ratio decreased slightly.
In the US, a government panel on Tuesday formally recommended early doses of Covid-19 vaccines be given first to healthcare workers and long-term care facility residents in the US, generally seen as people who live in nursing homes and assisted living facilities.
Together, that group would represent roughly 23 million Americans, disproportionately including women, people of color and low-wage workers who makeup the healthcare labor force.
The recommendation from the panel at the Center for Disease Control and Prevention (CDC) hinges on a vaccine being approved for emergency use by the US Food and Drug Administration and later recommended by the advisory panel:
In England, the government has announced details of the new three tier system that will come into effect in when the four-week national lockdown across the country ends on 2 December.
Non-essential shops in all areas can reopen, as can gyms, hairdressers and other personal care businesses, with the formal instruction to stay at home coming to an end. The “rule of six” will again apply for outdoor gatherings in all areas.
Places of worship will be able to open and weddings will be allowed within local restrictions.
The system has been criticised in parliament by Labour leader Keir Starmer, saying that introducing a three-tier system without an effective test and trace system is a “major risk”.
The hospitality industry has also warned the stricter system of tiers will “ruin Christmas” for struggling restaurants, hotels and pubs:
Source: The Guardian
Keyword: Coronavirus live news: CDC suggests first vaccines to US healthcare workers; England enters tier system | World news