AI revolution and consumer spending give economy a lift
Private business investment jumped by 6 per cent in the March quarter, driven by a 30-year-high increase in machinery and equipment, much of which is used to build data centres.
Australia's Economic Growth Slows
- Australia's first-quarter economic growth misses estimates on severe weather, weak demand CNBC —
- Australia Economic Growth Slowed More Than Expected Last Quarter Bloomberg —
- Breaking: Australia's economy growing at 2.5 per cent annually as slowdown begins ABC News —
- Australia’s Economic Growth Slows Wall Street Journal —
- Australian Dollar Could Fall Following 1Q GDP Data Wall Street Journal —