Australia GDP grew 0.4% qoq on capital investment and services exports

<p>Australia’s GDP saw 0.4% qoq growth in Q2, aligning perfectly with market expectations. This marks the seventh consecutive quarter of economic growth for the nation. The economy exhibited resilience with a 3.4% annual growth rate for 2022-23 financial year, comfortably surpassing 10-year pre-pandemic average of 2.6%. However, it wasn’t all good news: nominal GDP dropped […]</p>
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