SYDNEY  – Australia ‘s  economy  expanded by more than expected in the second quarter, driven by exports and investment, while household consumption remained weak as decade-high interest rates worked to cool demand. Data from the  Australia n Bureau of Statistics on Wednesday showed real gross domestic product (GDP) rose 0.4 percent in the second quarter,  slightly  beating  forecasts  of 0.3 percent . That compared with an upwardly revised 0.4 percent  growth in the first quarter. Annual growth was at 2.

https://business.inquirer.net/419466/australian-economy-grows-modestly-in-q2-eases-recession-fears

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