Australian economy grew ‘slowly' in the March quarter: Jim Chalmers
Treasurer Jim Chalmers says the Australian economy continues to grow despite 'very substantial global headwinds'.
The Australian Bureau of Statistics has reported economic growth for the March quarter was 0.2 per cent and 1.3 per cent at an annualised rate.
'Our economy grew in the March quarter but slowly, just 0.2 per cent in the March quarter and 1.3 per cent through the year,' Mr Chalmers said during a press conference on Wednesday.
'Our economy continues to grow despite very substantial global headwinds – we saw those set out by the OECD overnight and also in the commentary in the Reserve Bank minutes that were released yesterday.
'With all the uncertainty in the world, any growth is a decent outcome.'
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