Australian economic growth is solid but not spectacular. Rate cuts are off the table
- Written by Stella Huangfu, Associate Professor, School of Economics, University of Sydney
Australia’s economy grew by a softer-than-expected 0.4% in the September quarter, slowing from 0.6% growth in the June quarter. It confirms the recovery is tracking forward but without strong momentum.
Still, figures from the Australian Bureau of Statistics showed annual gross domestic product (GDP) growth was at a two-year high of 2.1%....
Read more: Australian economic growth is solid but not spectacular. Rate cuts are off the table
