Australia GDP grew 3.3% qoq in Q3, technically out of recession

<p>Australia GDP grew 3.3% qoq in Q3, above expectation of 2.5% qoq. Household spending drove the rebound by rising 7.9%. Final consumption expenditure rose 5.9%. Total gross fixed capital formation dropped -0.1%. Exports dropped -3.2% while imports rose 6.5%. Head of National Accounts at the ABS, Michael Smedes said: “Following the record 7.0 per cent […]</p>
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