US EditionAustralia's Subdued Q1 GDP Points to Need for More Easing
- Australia’s economy expanded by 0.2% in the first quarter of 2025, according to economic figures published on June 4, reflecting modest growth amid ongoing challenges.
- The weak growth resulted from extreme weather events cutting $2.2 billion from the economy, combined with cautious consumer spending and softer public demand.
- Household consumption grew only 0.4%, adding 0.2 percentage points to GDP, while the savings ratio rose to 5.2%, the highest since late 2022.
- Analysts such as Pat Bustamante and Tony Sycamore stressed that private demand remains weak, reinforcing expectations for further Reserve Bank rate cuts to support recovery.
- The subdued GDP highlights ongoing economic challenges and underlines the need for additional policy stimulus to encourage stronger private sector growth.
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11 Articles
11 Articles
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Left
4
Center
1
Right
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Coverage Details
Total News Sources11
Leaning Left4Leaning Right3Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
13%
R 38%
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