Browsing: Australia economy

Cyclone Alfred is expected to adversely impact Australia’s GDP for the March quarter, according to the Treasurer. The severe weather event has caused significant disruptions, highlighting the economic challenges posed by natural disasters in the region.

Australia’s GDP growth accelerated by 0.6% quarter-on-quarter in Q4, driven by robust consumer spending and investment. This positive economic trend reflects resilience amid global uncertainties, boosting confidence in the nation’s recovery.