Australia national accounts – government expenditure saves the economy from recession

Created
Wed, 04/12/2024 - 12:34
Updated
Wed, 04/12/2024 - 12:34
Today (December 4, 2024), the Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, June 2024 – which shows that the Australian economy grew by just 0.3 per cent in the September-quarter 2024 and by just 0.8 per cent over the 12 months (down from 1 per cent).…