Slowing Australia Economy Vulnerable as World Growth Stalls
SYDNEY—Australia's economy slowed sharply in the first three months of 2025, leaving it vulnerable to emerging weakness in world growth as the global trade war and a surge in geopolitical risk undermines the confidence of firms and consumers.
The economy grew 0.2% in the first quarter from the prior quarter, and expanded by just 1.3% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists had expected annual growth of closer to 1.5%.
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