Australia's Economy Shows Signs of Slowdown

  Published 10 months 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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