Australia’s Q3 GDP expands 0.3% qoq, marking continued economic slowdown

Australia’s GDP grew by 0.3% qoq in Q3, falling short of expectations for a 0.5% qoq expansion, while annual growth reached 0.8% yoy. However, GDP per capita declined by -0.3% qoq, marking the seventh consecutive quarter of contraction. Katherine Keenan, head of national accounts at the Australian Bureau of Statistics, remarked that “the Australian economy […]

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