Australia’s Economy Slows as Households Tighten Their Belts, While AI Investment Surges

Australia's economic slowdown is just beginning, the experts warn

The economy grew just 0.3 per cent in the first quarter, gross domestic product per capita went backwards, and interest rate rises and cost-of-living pressures are weighing on households.

Australia's Slowing Economy Propped Up by Data Center Boom

(Bloomberg) — Australia’s economy decelerated last quarter, propped up by a massive surge in investment into data centers that helped cushion the early impact of higher fuel costs and rising interest rates.

Australia’s economy slows as households tighten their belts, while AI investment surges

If GDP per person falls again in the June quarter, Australia would enter a ‘per capita’ recession – signalling the average Australian is going backwards.

Australia's first-quarter economic growth misses estimates on severe weather, weak demand

The country's GDP expanded 2.5% in the first three months this year, compared to a year earlier, missing economists' expectations for a 2.6% growth.

Albanese wrecking ball crashing economy pre Iran & budget, propped up by migration – 16 News

“Today’s National Accounts show the Albanese government’s economic policy is crashing the Australian economy, and Australians standards of living are declining”, said Shadow Treasurer Tim Wilson. Mr Wilson’s comments come in the wake of the ABS’ National Accounts figures released today showing: Growth of 0.3% in the March quarter is the weakest growth in the past year and below market expectations GDP per capita declined 0.1% over the quarter, …