Australia's GDP weakens
Radio National Breakfast ā Separate stories podcast - A podcast by ABC listen - Wednesdays
Australia's economy is growing at its slowest pace since the 1990s recession - excluding the pandemic, but a rate cut may still be some way off. GDP figures released yesterday showed the economy grew by 0.3 per cent in the September quarter, and 0.8 per cent over the year, according to the Australian Bureau of Statistics. But despite weak growth numbers, official interest rates look like staying on hold into next year.
