Australia’s Economy Grows Just 0.1% In Q1 2024 Amid Rising Rates And Inflation
The Australian Bureau of Statistics (ABS) has revealed that rising interest rates, ongoing inflation, and worldwide uncertainty have hurt the country’s economy, which managed a meager 0.1% growth in the first quarter of 2024 — its lowest yearly gain since December 2020. While acknowledging the slow growth, Treasurer Jim Chalmers highlighted Australia’s significant resilience compared … Read more
