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Australia
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Aussie growth slows as economy stalls

Apart from the pandemic, Australia's economic growth is at its weakest since the recession of the early 1990s.

Australians are tightening their belts and prioritising their spending on essentials.

The Australian economy has continued to slow down, growing by an anaemic 0.1% in the March quarter for an annualised rate of 1.1%.

Data released by the Australian Bureau of Statistics today also showed that in per capita terms the economy contracted by 0.4% in the March quarter and by 1.3% on an

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Lachlan Colquhoun Wed, 05 Jun 2024
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Aussie growth slows as economy stalls
Australia,
104358
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