Quarterly data surprised on the upside but GDP has fallen to 2.1% on an annualised basis and the nation is technically in a 'per capita' recession. Australian GDP growth has beaten most forecasts, increasing by 0.4% in the June quarter to take annual growth to 2.1%. The result did, however, show that growth was slowing from an annualised 2.4% in the year to the end of March, and also marked the second successive quarter in which GDP per capita Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/australia/australian-gdp-quarterly-growth-higher-than-expected-at-0-4/

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