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Australia's Economic Growth Slows as Investment Shifts
MULTIPLE REPORTS·Published ·Main source · Financial Post
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Australian Government
Australia
Original reports
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Australia's GDP grew by 0.3% in Q1, missing estimates.
Investment in data centers provided a cushion against rising fuel costs and interest rates.
Economists warn of potential contraction in the second quarter.
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Australia's inflation rate drops to 3.8% in June
Headline inflation fell from 4% to 3.8% in June. Trimmed mean inflation remained steady at 3.6%. Housing costs rose by 6.8%, remaining the largest contributor to inflation. The Reserve Bank of Australia is expected to keep interest rates on hold.