Australia's economic slowdown is just beginning, experts warn
The economy grew just 0.3 per cent in the first quarter, gross domestic product per capita went backwards, and interest rate rises and cost-of-living pressures are weighing on households.
The economy grew just 0.3 per cent in the first quarter, gross domestic product per capita went backwards, and interest rate rises and cost-of-living pressures are weighing on households.
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The economy grew just 0.3 per cent in the first quarter, gross domestic product per capita went backwards, and interest rate rises and cost-of-living pressures are weighing on households.
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Australia's economy grew at an annual rate of 2.5 per cent in the March quarter, the same as in the previous quarter.
The OECD has cut its global growth outlook, warning of lasting damage caused by the Middle East conflict.
The country's GDP expanded 2.5% in the first three months this year, compared to a year earlier, missing economists' expectations for a 2.6% growth.
AI-generated fake journalism in the country raises concerns over foreign political influence.
The move comes as US President Donald Trump's administration steps up pressure on Cuba.
The loss of James Boag's brewery and Hawthorn Football Club to northern Tasmania's economy could cost the region a million dollars a week, local leaders say.