Australia's economy grew less than expected in the first ... said in a note, as the elevated economic uncertainty may prompt households to prioritize saving over spending. Nevertheless, Surya ...

Due to a weak global backdrop and soft consumer demand, Australia's economic growth was expected to pick up to 2.1% by the end of the year, up from 1.3% in 2024 but short of its previous forecast ...

The Reserve Bank of Australia slashed rates to its lowest level in two years at its last meeting in May. Inflation in the country has eased to a four year low of 2.4% in the first quarter of 2025.