Australia's economy grew just 0.2 per cent for the quarter and 2.1 per cent over the past year, according to national accounts data from the Australian Bureau of Statistics. Households bore the brunt of the economic slowdown as higher mortgage interest rates saw consumer spending remain flat, while savings rates fell to near 16-year lows. | ABC News
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Australia's economy grew just 0.2 per cent for the quarter and 2.1 per cent over the past year, according to national accounts data from the Australian Bureau of Statistics.
ABC News. . Australia's economy grew just 0.2 per cent for the quarter and 2.1 per cent over the past year, according to national accounts data from the Australian Bureau of Statistics. Households bore the brunt of the economic slowdown as higher mortgage interest rates saw consumer spending remain flat, while savings rates fell to near 16-year ...
1.3K viewsDec 6, 2023
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