Australia national accounts – growth continues to be sluggish as material living standards decline

Created
Wed, 06/09/2023 - 12:33
Updated
Wed, 06/09/2023 - 12:33
Today (September 6, 2023), the Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, June 2023 – which shows that the Australian economy grew by just 0.4 per cent in the June-quarter 2023 and by 2.1 per cent over the 12 months. If we extend the June result…