Australia GDP Data Release 2Q19

September 09, 2019

Growth in the Australian economy remains below-trend, with GDP increasing by a moderate 0.5% in 2Q19 following a similar pace in 1Q19. In annual terms, the economy expanded by a slow 1.4% over the year to June, which compares to 3.1% growth over the year to Jun-18. Despite recent downward revisions, this remains below the RBA’s forecast of 1.75% for June 2019.

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