Aussie growth delivers upside surprise
With an election imminent, the growth figures and the recent interest rate cut enable the Government to claim a soft landing for the economy.
The economy is growing at its fastest pace since December 2022.
Australia’s economy grew faster than forecast in the December quarter in a result which makes it unlikely that the Reserve Bank of Australia will cut interest rates again soon.
The Australian Bureau of Statistics today reported that GDP had increased by 0.6% in the December quarter, double the
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