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Sluggish Australian Economic Growth Driven by Government Spending
Australia's economy grew by a weaker-than-expected 0.3 percent in the September quarter, with annual growth at 0.8 percent—the worst since the 1990-91 recession outside of COVID-19. Government spending, including energy subsidies, significantly boosted overall growth, while household spending remain...
Sluggish Australian Economic Growth Driven by Government Spending
Australia's economy grew by a weaker-than-expected 0.3 percent in the September quarter, with annual growth at 0.8 percent—the worst since the 1990-91 recession outside of COVID-19. Government spending, including energy subsidies, significantly boosted overall growth, while household spending remain...
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