Australia’s GDP grows only 0.2% qoq in Q1, as weather and public investment drag

Australia’s GDP expanded just 0.2% qoq in Q1, falling short of expectations for 0.4% qoq growth. On an annual basis, GDP rose 1.3% yoy. However, GDP per capita declined by -0.2% qoq, marking a renewed contraction in individual economic output. The ABS noted that severe weather disrupted key sectors including mining, tourism, and shipping, while […]

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