Australia’s Q3 GDP growth slows to 0.2% qoq, per capita output declines

Australia’s GDP for Q3 showed a modest increase of 0.2% qoq, falling short of the expected 0.5% qoq growth. On a year-on-year basis, GDP grew by 2.1%. However, a contrasting picture emerges when considering GDP on a per capita basis, which revealed a decline of -0.5% qoq and a -0.3% yoy. Katherine Keenan, ABS head […]

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