Australia’s economic growth slowest in 10 years amid calls for swift action

Government spending and exports were the main contributors to growth in the quarter while household spending further slumped to contribute just 0.1% to the country’s GDP.

Australia’s economic growth slowest in 10 years amid calls for swift action. " The treasurer, Josh Frydenberg, has held out accelerated infrastructure spending as a possible salve for the Australian economy after growth slowed to 1.8% in the last year, the slowest since 2009.The Australian economy grew by just 0.4% in the March quarter.

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Global growth is set to slow this year to its weakest rate since the financial crisis. developing countries with strong market ties to the world’s second-largest economy amid growing investor.

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That tension is reflected in the calls. the year through May after quarterly earnings dropped for the first time in almost three years amid lower demand for premium shipping services. “Weakness in.

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The Australian economy will be boosted by a slight growth dividend as Scott Morrison’s tax. The overall sharemarket rallied 1.6 per cent to an 11-year high of 6464 points amid the lessening of.

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China’s economic growth slowed to 6.7 per cent in the second quarter of the year, and the escalating trade war with the United States was not the only worry for Beijing. As US President Donald.

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1 day ago. The Australian cash rate is inching closer to the zero lower bound, the same. The 10-year government bond yield hit a record low 0.951 per cent on Friday.. prospect of having to trigger the quantitative easing response, a policy action. lenders living with slower growth and rock-bottom rates for years.

China’s economic growth slowed to 6.2 per cent in the. Real estate investment, a major growth driver, also quickened in June, rising 10.1pc on-year, Reuters calculated. But new home sales shrank.