Australia’s GDP grows 0.2% qoq in Q2, per capita down for sixth quarter

Australia’s GDP grew by 0.2% qoq in Q2, aligning with market expectations. However, GDP per capita declined for the sixth consecutive quarter, falling by -0.4% qoq. For the 2023-24 financial year, the economy expanded by 1.5%. Katherine Keenan, head of national accounts at the Australian Bureau of Statistics, noted, “The Australian economy grew for the […]

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