Economic growth in Australia in the second quarter of 2024.AUD little changed following the data. Weak growth for the Australian economy. The 1% y/y is the slowest since 1991 (apart from the pandemic recession). The RBA forecast 0.9% so the result would seem to have minimal monetary policy implications. subdued household demand detracted 0.1% from GDP growthgovernment consumption added 0.3%domestic final demand contributed 0.2% household consumption was weak, due to reduced discretionary spendinginvestment made no contribution to growth, as net transfers of second-hand assets resulted in a detraction from total private investment (-0.1%) and was offset in public investment (+0.1%)net trade c
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