1. GDP growth to be less than 2% in 2023 GDP growth should fall below 2% for the full year. After projected growth of around 3.6% for 2022, GDP growth is expected to slow to a sub-2% pace in 2023.

First-quarter 2024 GDP growth slowed to just 0.1% QoQ. This brings the annual growth rate down from 1.5% to 1.1%. But while growth is slowing, inflation remains sticky - providing the Reserve Bank ...

The Reserve Bank of Australia reduced the Official Cash Rate to 3.60% in its August meeting.

Tuesday night, the Australian Bureau of Statistics (ABS) reported a surprise jump in GDP of 1.3% quarter-over-quarter.

GDP per capita, however, dropped another 0.3%, down for the seventh straight quarter. Signs over recent months have pointed to consumers being in a better mood.

The GDP in Australia increased 0.2% in April-June from the previous period, unchanged for three quarters in a row, according to data released on Wednesday. The second quarter figure came in below ...

In its latest economic statement, the Reserve Bank of Australia forecasts GDP growth of 1.8 percent in the year to June.

The nation’s economy grew 0.2 per cent in the December quarter but the country's annual GDP rose at the slowest rate since the pandemic, according to recent ABS data.

The GDP growth beat expectations of a 1.2% rise from economists polled by Reuters, and also surpassed the 1.1% climb expected by the Reserve Bank of Australia.

Australia's gross domestic product growth looks likely to have turned positive in the third quarter after two back-to-back quarters of contraction, a senior central bank official said on Tuesday.