Australia’s A$2 trillion ($1.55 trillion) economy has rebounded sharply to above pre-pandemic levels thanks to the country’s successful handling of the coronavirus pandemic together with massive fiscal and monetary stimulus.
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S&P upgrades outlook on Australia’s AAA rating to stable from negative
S&P Global Ratings upgraded its outlook on Australia's coveted "AAA" sovereign rating to 'stable' from 'negative' on Monday citing the country's "swift economic recovery" from the COVID-19 pandemic driven recession.
