Summary: Australia’s GDP up 0.8% in March quarter, in line with expectations; ongoing strength in household consumption despite Omicron, floods; supply chain disruptions remain evident; higher consumption, inventory build-up, imports major influences on result; economy expected “to shift into a higher gear” in June, September quarters. Since the “recession we had to have” as the recession of 1990/91 became known, Australia’s GDP growth has been consistently positive, with only the...