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Australia’s economy shows best result in two years as consumer spending picks up

  • Written by Stella Huangfu, Associate Professor, School of Economics, University of Sydney
Australia’s economy shows best result in two years as consumer spending picks upDiego Fedele/Getty Images

The Australian economy picked up strength in the June quarter as consumers opened their wallets, boosted by interest rate cuts earlier in the year.

New figures from the Australian Bureau of Statistics showed gross domestic product (GDP) grew by 0.6% in the June quarter and 1.8% over the year — the strongest outcome...

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SME support in Federal Budget falls short of easing business pressures

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