The GDP growth beat expectations of a 1.2% rise from economists polled by Reuters, and also surpassed the 1.1% climb expected by the Reserve Bank of Australia. Growth was "modest" but broad-based, ...

SYDNEY (Reuters) -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 ...

SYDNEY (Reuters) -Australia's economy grew at the fastest annual pace in almost two years in the second quarter as consumers finally started spending after multiple rate cuts, taking over from the ...

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 ...

OpenAI, the Business Council of Australia, and the peak Australian body for small businesses say AI can boost Australia’s ...

First quarter 2024 GDP growth slowed to just 0.1% QoQ. This brings the annual growth rate down from 1.5% to 1.1%. But while growth is slowing, inflation remains sticky - providing the Reserve Bank of ...

Australian Treasurer Chalmers poses for a photograph as he arrives to attend a G20 finance ministers' and Central Bank governors' meeting at Gandhinagar SYDNEY (Reuters) -Australia will be able to ...

Australia's economy grew at a slower-than-expected pace in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down the slowing economy. The real gross domestic ...

Australia has long been known for its prosperous economy, with many calling it “The Lucky Country.” But that luck may be running out. While the nation’s overall economy isn’t in recession, its people ...

Australia's economy expanded 1.3% year on year in the fourth quarter, accelerating for the first time since September 2023. The GDP growth beat expectations of a 1.2% rise from economists polled by ...