Not.
If you ignore the huge debt, the current situation around the rest of the world, and that Australia tends to lag the rest of the world. Then yes Australia is recovering.
The bump in figures, somewhat contrived and possibly manipulated shows a positive bump. This is not a trend and statistics tells us to ignore anomalies. Rudd will want to ride this bump to a new election but reality will hit well before that.
Housing, unemployment and other factors have a long way to go before they hit bottom. China is under increasing pressure and the world's economies continue to contract. Give it another 3-6 months and then let's see where we are.
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