Aussie economic growth smashes expectations
But does it mean the RBA is less likely to cut its cash rate this month?
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Australian GDP figures show the economy was racing along in the first quarter of this year, beating growth forecasts by a significant margin.
First quarter GDP growth rose 1.1% quarter-on-quarter – 0.3% ahead of market expectations. This takes the annual growth rate up to a three-and-a-half year
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Jason Walls
Thu, 02 Jun 2016
Thu, 02 Jun 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Aussie economic growth smashes expectations
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