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Showing 1 - 10 of 44 results for "GDP figure"

Cooling economy could keep RBA on hold

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2026
Australian gross domestic product (GDP) rose 0.3% in the March quarter 2026 and 2.5% compared to a year ago, according to the Australian Bureau of Statistics (ABS). "Economic growth slowed in the March quarter, with modest household and public sector ...

Australian economy 'stronger than expected'

ELIZA BAVIN  |  THURSDAY, 4 SEP 2025
Australian gross domestic product (GDP) rose 0.6% in the June quarter and was up 1.8% compared to a year ago, according to figures released by the Australian Bureau of Statistics (ABS). Commonwealth Bank head of Australian economics Belinda Allen said ...

Official recession not that scary: Economists

ELIZA BAVIN  |  THURSDAY, 3 SEP 2020
The Australian economy fell 7% in the June quarter, spelling two consecutive quarters of economic contraction, officially marking the nation's first recession since 1991. The release of national accounts confirmed the Australian economy has experienced ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... government spending (CARES Act), and lesser imports (itself an indication of reduced domestic demand), the June quarter GDP figure would have been worse. But increased government stimulus (as well as the Fed's) was not spent, but saved. "Real disposable ...

GDP figures reveal start of COVID-19 impact

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
The Australian Gross Domestic Product fell 0.3%, seasonally adjusted, in the March quarter and growth slowed to 1.4% through the year, according to figures released by the Australian Bureau of Statistics. ABS chief economist Bruce Hockman said this ...

Australia in effective recession: Academic

KANIKA SOOD  |  THURSDAY, 7 MAR 2019
... 60% of GDP, but it has stalled. "If you remove the population growth in Australia - of about 0.4% - from the headline GDP figure - of 0.2% seasonally adjusted in Q4 of 2018 - it shows growth is negative," Holden said. Treasurer disagrees Speaking yesterday ...

Chief economist update: Eurozone growth slowing fast

BENJAMIN ONG  |  WEDNESDAY, 31 OCT 2018
Uh-oh! Borrowing a quote from Robert Burns: "The best-laid plans of mice and men often go awry." It appears to be heading that way looking at the third quarter economic scorecard in the Eurozone. Advance estimates show that the single currency region's ...

Market to open lower

AAP  |  MONDAY, 1 JUN 2015
... cent) at 5,070.03. Analysts said there was some disappointment with the economic news released on Friday. The revised GDP figure for the first quarter, showing a 0.7 per cent contraction, was not a surprise. But perceptions of a rebound in growth since ...

Market wrap

AAP  |  TUESDAY, 14 APR 2015
The Australian share market has opened lower in the wake of negative offshore leads and lingering disappointment over trade figures out of China. "Offshore leads weren't great. In combination with that, there's a little bit of negativity from the China ...

Governor Glenn lets his jaw drop

BENJAMIN ONG  |  MONDAY, 7 JUL 2014
Reserve Bank of Australia (RBA) Governor Glenn Stevens was in Tasmania letting it all rip at the same time that most of us were co-celebrating Dow 17K with our American brethrens on 'Independence Day' eve. On 3 July, Governor Glenn spoke before 'The ...
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