Home
/
Posts
/
News
/
Australia’s economy has slowed to a decade low but the budget may already be back to surplus

Australia’s economy has slowed to a decade low but the budget may already be back to surplus

Australia's economy has slowed to its most sluggish pace since 2009, when the GFC slammed the brakes on GDP growth, but the weak headline result may not stop the Government announcing a budget surplus a year earlier than planned.

by Shared by the Age | Sep 4, 2019

myGov client communication change rollout begins

In seasonally adjusted terms, GDP expanded by 0.5 per cent over the June quarter, or 1.4 per cent for the year — equal to the worst annual growth recorded in the aftermath of the global financial crisis in the September quarter of 2009.