Why is Australia’s economy slowing? Economic growth has lost momentum. In 2024, Australia’s GDP grew by just 0.8%, lagging behind the 3.1% expansion in the US and 1% in the European Union.

Expansions to Australia's clean power production were also made during previous administrations, and total clean electricity supplies have grown by an average of 13% a year since 2015.

SYDNEY–Australia’s economy grew at a faster pace in the fourth quarter of 2024, shrugging off the threat of a recession just as the global outlook has dimmed amid a rapidly escalating trade ...

Australia's economy is facing financial headwinds, with GDP-per-capita falling for 21 months, household disposable income decreasing, and household debt increasing. The country's housing market is ...

Australia's economy stayed stuck in the slow lane in the June quarter as stiff borrowing costs and stubborn inflation squeezed consumers, leaving government spending as the main driver of growth.

The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) forecasts Travel & Tourism will contribute more to Australia’s economy in 2024 than any previous year on record.

SYDNEY (Reuters) - Australia's economy stayed stuck in the slow lane in the June quarter as stiff borrowing costs and stubborn inflation squeezed consumers, leaving government spending as the main ...