Australian Q1 2024 GDP +0.1% q/q (expected +0.2%) ...Middle East

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Australian Q1 2024 GDP +0.1% q/q (expected +0.2%)
source : forex live ( Middle East ) () 98
Economic growth in Australia in the first quarter of 2024.+0.1% q/qexpected 0.2%, prior 0.2%+1.1% y/yexpected 1.2%, prior 1.5%The 'Chain price index' is an inflation indication, it rose 0.8% y/y.Australian Bureau of Statistics comment:GDP growth was weak in Marcheconomy experiencing its lowest through the year growth since December 2020GDP per capita fell for the fifth consecutive quarter, down 0.4% Note that 2020 was a pandemic year. Apart from that the +1.1% y/y is the slowest since the 1990s.AUD/USD barely changed:---Earlier from Australia:Reserve Bank of Australia Governor Bullock says she expects Q1 GDP growth to be lowMore from RBA's Bullock - If inflation proves sticky, won't hesitate

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