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Economic growth beats expectations, as profits outpace wages

Economic growth beats expectations, as profits outpace wages

Australia's economic growth beat analyst forecasts over the first few months of the year, but there is evidence the benefits are being felt more by business owners than workers.

by Shared from ABC News | Jun 1, 2022

Economic growth beats expectations, as profits outpace wages

The Australian economy grew 0.8 per cent in the March quarter and 3.3 over the past year, according to the National Accounts data from the Australian Bureau of Statistics.

Economists surveyed by Reuters had typically been expecting quarterly growth of 0.5 per cent and 2.9 per cent over the year to March 31.