Australia's economic growth slows to 0.2% in March quarter
Australia’s GDP rose by 0.2 per cent in Q1 2025 and 1.3 per cent year-on-year, reflecting soft growth amid extreme weather disruptions. Public spending saw its largest drag on growth since 2017, while household consumption rose 0.4 per cent. GDP per capita declined 0.2 per cent. Net trade and capital goods imports fell. The household saving ratio rose to 5.2 per cent.
Australia’s GDP rose by 0.2 per cent in Q1 2025 and 1.3 per cent year-on-year, reflecting soft growth amid extreme weather disruptions.
Public spending saw its largest drag on growth since 2017, while household consumption rose 0.4 per cent.
GDP per capita declined 0.2 per cent.
Net trade and capital goods imports fell.
The household saving ratio rose to 5.2 per cent.
