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The Times

This is the weakest economy outside of a recession. Here’s what the GDP figures show

  • Written by Stephen Bartos, Professor of Economics, University of Canberra

The latest national accounts show the Australian economy is struggling. It’s what you would expect after the sharpest series of interest rate rises on record, and is more or less what the Reserve Bank was trying to achieve to bring down inflation.

Australia’s gross domestic product grew just 0.2% in the three months to June, after...

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