Australia's third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation

Australia's economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.

Dec 4, 2024 - 11:00
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Australia's third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation
Australia's economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.