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Australian households driven deeper into recession

March 6, 2024 - 11:57 -- Admin

The Australian Bureau of Statistics (ABS) released the national accounts for the December quarter, which recorded aggregate GDP growth of only 0.2%, below economists’ and RBA expectations of 0.3% growth. Over the year, the nation’s GDP grew by only 1.5%. Government spending continued to drive growth: Domestic final demand contributed just 0.1 percentage points to

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