Australia's First-Quarter Economic Growth Stays Flat at 1.3%, Missing Estimates

Economic growth slows in Australia | Evening News Bulletin 4 June 2025

Australia's economic growth slows down in the first quarter of this year, Gaza's aid centres temporarily close after a third deadly incident in as many days; and in sport, excitement ahead of the Socceroos game against Japan.

Australia's first-quarter economic growth stays flat at 1.3%, missing estimates

The GDP figure comes as the Reserve Bank of Australia slashed rates to its lowest level in two years to bolster growth.

Australia's economic growth slows more than expected

Australia's economy grew by 0.2 per cent in the March quarter, and 1.3 per cent through the year, according to the Australian Bureau of Statistics.

Australia's first-quarter economic growth misses estimates, expanding 1.3% from a year earlier

The GDP figure comes as the Reserve Bank of Australia slashed rates to its lowest level in two years to bolster growth.

Australia's Q1 GDP misses estimates amid weak public spending, consumer demand, and exports

Slowing economic growth reinforces urgent need to back small business investment

The Council of Small Business Organisations Australia (COSBOA) says today's economic data from the Australian Bureau of Statistics (ABS) should sound the alarm for policymakers; Australia’s economy is slowing, investment is stalling, and small business needs urgent, targeted support.