Australia's Economy Shows Signs of Slowdown

  Published 1 year ago

Australia's Q1 current account deficit narrowed, but economic growth appears subdued. Weak net exports and slowing government spending are concerns, though inventories offered a positive surprise. Further rate cuts are anticipated by July.

  • Current account deficit slightly improved to A$ 14.7 B.
  • GDP growth likely slowed to 0.4% in Q1.
  • RBA considering further rate cuts amid global risks.

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