Expect weak economic growth for quite some time. What Wednesday's national accounts tell us
- Written by Tim Robinson, Senior Research Fellow (Macroeconomics), Melbourne Institute, University of Melbourne
The Australian economy grew by just 0.4% in the March quarter. It was a pick up from 0.2% in the December quarter, but over the year the four quarters taken together amounted to only 1.8%.
It’s the first time Australia’s annual economic growth rate has had a “1” in front of it since 2013, and the lowest annual growth rate...