Australia's Economy Grows Less Than Expected
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monetary policyCNBC
•World
World
Australia's economic growth stays flat at 1.3% in the first quarter from a year earlier, missing estimates

87% Informative
The country's economy grew 1.3% year-on-year in the first quarter , lower than the estimated 1.5% growth among economists polled by Reuters .
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 first quarter of 2025 .
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