Australia’s economy isn’t in recession, but Australians are
Australia’s economy isn’t in recession, but Australians are
6/3/2024 6:26

Australia’s economy slowed in the final three months of last year and a per capita recession deepened as higher rates and rising living costs dragged on household spending.

Gross domestic product advanced 0.2%, easing from an upwardly revised 0.3% in the prior quarter, Australian Bureau of Statistics data showed Wednesday. From a year earlier, the economy grew 1.5%, matching estimates, as did the quarterly change.

Source: Bloomberg

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