GDP expanded by 1% compared with the June quarter of 2023, the Australian Bureau of Statistics said, slightly above forecasts
Australia’s economy fared better than expected in the June quarter as government spending fuelled growth. On a per capita basis, though, activity shrank for a record sixth quarter in a row.
On a quarterly basis, the economy grew 0.2%, in line with forecasts by economists and the ABS’s revised outcome for the March quarter growth.
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