Australia’s economy expands 2.3% in the first quarter, slowest growth in 1½ years
2023-06-07 13:49:20 source：CNBC
June 6, 2023
Australia’s first-quarter gross domestic product expanded by 2.3% year-on-year, just slightly below analyst expectations.
Economists polled by Reuters had forecast an expansion of 2.4%, compared to the 2.7% expansion in the fourth quarter of 2022. On a quarter-on-quarter basis, GDP grew by 0.2%, compared to the 0.3% expected in the Reuters poll.
Katherine Keenan, head of National Accounts at Australia’s Bureau of Statistics, said: “This is the sixth straight rise in quarterly GDP, but the slowest growth since the Covid-19 Delta lockdowns in September quarter 2021.”
Read more:
https://www.cnbc.com/2023/06/07/australias-economy-expands-2point3percent-in-the-first-quarter.html