Scholarly Contribution to Database/Website
Expect weak economic growth for quite some time. What Wednesday’s national accounts tell us
Published : 2019
The Australian economy grew by just 0.4% in the March quarter. It was a pick up from 0.2% in the December quarter, but over the year the four quarters taken together amounted to only 1.8%. It’s the first time Australia’s annual economic growth rate has had a “1” in front of it since 2013, and the lowest annual growth rate since the global financial crisis.