Podknife - Australian economy flatlines, as savings shrink by RN Breakfast

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Australian economy flatlines, as savings shrink

Podcast |: RN Breakfast - Separate stories podcast
Publisher |: ABC Podcasts
Media Type |: audio
Podknife tags |: Australia,; Interview,; News & Politics,; On The Radio
Categories Via RSS |: Daily News,; News
Publication Date |: Jun 05, 2024
Episode Duration |: 00:07:26

Australia's economy is barely growing, with new GDP figures delivered as the Reserve Bank warns interest rate increases are not off the cards.

GDP increased just 0.1 per cent in the last quarter, with population growth and growing inventories preventing it going backwards.

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