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Hot Topic Budget 25
Hot Topic Budget 25
Australia
1 mins to read

Australian Q2 GDP growth higher than expected at 0.4%

Quarterly data surprised on the upside but GDP has fallen to 2.1% on an annualised basis and the nation is technically in a 'per capita' recession.

Australian GDP growth has beaten most forecasts, increasing by 0.4% in the June quarter to take annual growth to 2.1%.

The result did, however, show that growth was slowing from an annualised 2.4% in the year to the end of March, and also marked the second successive quarter in which GDP per capita

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Lachlan Colquhoun Wed, 06 Sep 2023
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Australian Q2 GDP growth higher than expected at 0.4%
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