Australia's GDP Growth: Modest Increase, Inflation Concerns
Update: 2025-11-30
Description
Australias GDP is projected to grow by 0.7% in the September quarter, a slight uptick from the previous quarter. The annual growth rate is expected to rise to 2.2%. Business and dwelling investments are contributing more to growth than initially anticipated, offsetting a small negative impact from trade. However, government spending as a portion of GDP is likely to decrease due to a decline in large infrastructure projects. Looking ahead, household spending is projected to increase by 0.6% in October, following a flat September. The recent inflation increase has dashed hopes of a rate cut and even sparked speculation of an interest rate hike.
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