Australia’s Economic Growth Expected to Fall in 2022-2023

Australia’s Economic Growth Expected to Fall in 2022-2023
People queue outside a department store in Melbourne, Australia, on Oct. 29, 2021. William West/AFP via Getty Images
Alfred Bui
Updated:

Global consulting firm Deloitte has forecast that Australia’s economic growth will decline in the next 12 months, but not at an alarming rate.

In its latest quarterly Business Outlook report, Deloitte predicted the Australian economy to grow by three percent in the 2022-2023 financial year and 2.5 percent in the next year.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
Related Topics