Bleak Outlook for Australia’s Economic Growth in 2023: New Research

Shoppers walk around Pitt Street Mall in Sydney, Australia, on June 07, 2022. Brendon Thorne/Getty Images

A new report has shown that Australia’s economic growth will continue to slow down amid the recent turmoil in the global banking system.

The Westpac-Melbourne Institute leading index rose slightly from -1.04 percent in January to -0.94 percent in February.