
Growth Report Likely to Show Households in Pain
Published on March 2, 2024
The Australian economy is losing its sheen and tipped to post another weak growth result in the December quarter national accounts. The Australian Bureau of Statistics is due to release the nation’s economic report card on Wednesday. Slowing growth is an expected consequence of higher interest rates and inflationary pressures, with the September quarter recording a modest 0.2 per cent lift and coming in below economists’ expectations. National Australia Bank is pencilling in another lacklustre 0.2 per cent quarterly GDP print, to be up 1.4 per cent over the year. With the exception of the pandemic, this would be the lowest annual growth rate since 2000....
