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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: 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 economic growth weaker than expected, could lead to early rate cut
Australia’s weaker-than-expected national accounts data for the September quarter have reinforced market expectations the Reserve Bank will be cutting interest rates in 2025.
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 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 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 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’s economic growth remains sluggish
Australia’s economic growth remained sluggish last quarter as a surge in government spending underpinned the expansion, highlighting the central bank’s policy challenge as inflation is still stubbornly sticky.
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 GDP Gains 0.3% On Quarter In Q3
Australia's gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the third quarter of 2024, the Australian
'A dismal report': Analyst discusses Australia's third-quarter GDP numbers
Sean Callow from ITC Markets discusses Australia's third quarter GDP figures and says that the Australian dollar will continue getting "punished" until investors become more optimistic about China's economy.
23h
Australia’s economic problems have been brewing for years
We are in the most prolonged downturn since the 1991 recession. It’s time for a treasurer to do something about it, writes ...
3d
Australia’s per capita recession extends to seventh quarter
Australia’s economy held up in the September quarter, backed by strong government spending on infrastructure and subsidies, ...
3d
Government spending expected to boost Australia’s GDP
Government spending is expected to lift Australia’s struggling GDP with figures to be released on Wednesday. Sky News Senior ...
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