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‘Slowest Annual Growth Since COVID-19’: Australian Economy Grows 1.5 Percent in a Year

Household spending increased just 0.1 percent in the December quarter.
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‘Slowest Annual Growth Since COVID-19’: Australian Economy Grows 1.5 Percent in a Year
A woman shops in an Aldi supermarket in Albany, Western Australia, on Feb. 1, 2024. Susan Mortimer/The Epoch Times
Monica O’Shea
Updated:
0:00

The nation’s economy grew just over 1.5 percent in the 2023 year, statistics from the Australian Bureau of Statistics (ABS) show.

Australia’s Gross Domestic Product (GDP) rose from $600.5 billion (US$396.47 billion) in December 2022 to $609.8 billion in December 2023.
Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]
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