Australia’s economy grew 0.2 per cent in the December quarter according to new figures released on Wednesday.
Australia’s latest GDP figures have been released, with the economy’s 0.2 per cent growth in the December quarter described by the Treasurer as “subdued by steady”.
However, he maintained even weak growth in the economy is “welcome", citing many examples of countries experiencing a recession. Household expenditure, which is how much the public spends on everyday needs such as rent, food and clothing, rose just 0.1 per cent.
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