GDP BEATS EXPECTATIONS

Thursday, December 03, 2015
Australia's economy is showing signs of picking up momentum, with a stronger than expected GDP growth of 2.5 per cent over the past year.

It is a marked acceleration from the June quarter's disappointing annual growth rate of 2 per cent and the fastest economic growth in 18 months, but still below the economy's long-term trend.

GDP expanded by 0.9 per cent in the September quarter against market expectations of 0.8 per cent.
 
All News | Back to Top

Get social with us and see the latest news items from: