Published: December 03, 2019
The Australian economy grew by just 0.4% in the September quarter for total yearly growth of 1.7%, GDP figures show
Coalition hopes of an income tax cut led recovery have been deflated by figures showing the Australian economy grew by just 0.4% in the September quarter, for total yearly growth of 1.7%.
The Australian Bureau of Statistics released the gross domestic product figures on Wednesday, confirming that growth has slowed from 0.6% in seasonally adjusted chain volume terms in the June quarter although yearly growth has ticked up from a revised figure of 1.6%.
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