Australia NewsAustralia Records Lowest GDP Growth Numbers Since the 1990sHousehold saving ratio hit its lowest in years while government spending was up.00CopyFacebookXTruthGettrLinkedInTelegramEmailSavePrintAustralian Treasurer Jim Chalmers speaks to the media during a press conference at Parliament House in Canberra, Australia on Sept. 4, 2024. AAP Image/Lukas CochNaziya Alvi Rahman9/3/2024|Updated: 9/4/20240:00X 1Australia’s annual economic growth reached its lowest figures since the 1991-92 financial year, according to the latest figures.The last quarterly update revealed GDP had grown just 0.2 percent as of June 2024, and 1.5 percent throughout the 2023-24 financial year.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentNaziya Alvi RahmanAuthorNaziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].Author’s Selected ArticlesNew PBS Subsidies to Expand Access to Multiple Sclerosis, Rare Cancer TreatmentsDec 03, 2025Victoria to Scrap 1,000 Public Sector Jobs, Consolidate Agencies to Cut CostsDec 03, 2025Police File Extra 83 Charges Against Accused Childcare PaedophileDec 03, 2025Western Australia Shuts Down Fishing to Save Threatened SpeciesDec 03, 2025Related TopicsJim ChalmersAustralian GDP
