Aussies Brace for Rate Hike After GDP Result Piles Pressure on RBA

Aussies brace for rate hike after GDP result piles pressure on RBA

Gross domestic product expanded by 0.4 per cent in the June quarter, the Australian Bureau of Statistics reported on Wednesday.

Australian economy grows faster than expected, raising rate hike risk

Australia's economy grew 0.4 per cent in the June quarter, slightly beating most economist forecasts and further raising the prospect of an interest rate hike as soon as this month.

Rate rise fears build as GDP surprises at 2.1 per cent

Australia's economy is showing resilience despite higher interest rates and war in the Middle East, growing at 0.4 per cent in the June quarter.

Australia's Q2 GDP Grows 0.4%, Beating Expectations

BitcoinWorld Australia’s Q2 GDP Grows 0.4%, Beating Expectations Australia’s economy expanded by 0.4% in the second quarter of 2024, exceeding market expectations of 0.3%, according to data released by the Australian Bureau of Statistics (ABS) on September 4, 2024. The growth, driven by government spending and net exports, signals resilience despite persistent cost-of-living pressures and high interest rates. What Drove the Growth? The […] This …

Australia Q2 GDP Beats Forecast as Cost Pressures Keep RBA on Alert - ActionForex

Australia’s economy grew slightly faster than expected in June quarter, with GDP growth rising from 0.3% to 0.4% q/q, above 0.3% consensus. Annual growth nevertheless slowed from 2.5% to 2.1% y/y, but comfortably exceeded 1.8% expected. ABS described growth as “subdued”, noting households remained cautious even as pockets of private demand provided support. Domestic final […] The post Australia Q2 GDP Beats Forecast as Cost Pressures Keep RBA on…