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Expect weak economic growth for quite some time. What Wednesday’s national accounts tell us

Tim Robinson

Published : 2019

Abstract

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.