Australia's Q3 GDP growth disappoints, markets now see April start to rate cuts
Australia's economy in the third quarter grew at the slowest annual pace since the pandemic, disappointing hopes for a rebound as government spending did all of the heavy lifting and consumers remained cautious.
Australia Reports Only Marginal GDP Growth
Australia’s economic growth remained sluggish in the three months through September with gross domestic product increasing only 0.3% from the prior quarter, below analyst expectation of a 0.5% growth.
Australia Economy Grows 0.3% in Q3, Misses Forecasts
Data from the Australian Bureau of Statistics on Wednesday showed real gross domestic product rose 0.3% in the September quarter, missing market forecasts of 0.4%. Annual growth slowed to 0.8%, from 1.0% the previous quarter, levels previously only seen during recessions.
Australia's Q3 GDP growth disappoints hopes for a rebound
Australia's economy grew at the slowest annual pace since the pandemic in the third quarter, disappointing hopes for a rebound as government spending did all of the heavy lifting. Investors reacted by pushing the Australian dollar 0.
Australia’s GDP Growth Disappoints as Households Hunker Down
Australia’s economic growth remained sluggish in the three months through September as a surge in government spending helped overcome weak exports and restrained consumer demand.
Australia: GDP growth firms up in the third quarter
After growing at just 0.2% QoQ in the previous three quarters, Australia’s GDP growth in 3Q24 rose to 0.3%. However, this was lower than the market had been hoping for, and the breakdown of growth is also disappointing
Australia's Economy: Steady Growth Amidst Rising Challenges
Australias economy grew by0.3%compared to the previous quarter, a slight improvement from the0.2%growth seen in the second quarter. This growth marks the twelfth quarter of economic
Australia has seven consecutive quarters of negative growth per capita
Australia’s economy has reached a grim historic milestone of 21-months of negative growth on a per person basis, with only the nation’s record migration intake and high government spending masking a broader recession.
Australia public spending splurge carries economy in Q3
Australia's government ramped up spending on infrastructure and defence in the third quarter, data showed on Tuesday, making a vital contribution to economic growth as consumers struggled beneath high borrowing costs.
Weak Australian economic growth hits dollar
Treasurer Jim Chalmers, speaking at a press conference after the data’s release on Wednesday, said the 0.3 per cent growth in GDP during the three months to September was “very weak” and “soft”, as high interest rates stifled consumer demand and an uncertain global outlook,
Australia third-quarter GDP grows at 0.3%, missing expectations
Australia’s economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.
Australia’s Economy Continues to Misfire
Australia’s commodity-rich economy grew by less than expected in the third quarter stoking concerns that it might still be at ...
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