SBS Gujarati News Bulletin 4 September 2024

Australian Economy

The Australian Bureau of Statistics has announced that the economy grew by 0.2 percent for the June quarter, and by a meagre one percent over the last year. Credit: Getty image

Listen to the latest Australian news from SBS Gujarati.


  • The Australian Bureau of Statistics has announced that the economy grew by 0.2 percent for the June quarter, and by a meagre one percent over the last year.
  • It is the slowest economic growth rate recorded in recent years, reflecting people's shrinking savings accounts due to rising cost-of-living pressures.
  • Treasurer Jim Chalmers says the slow economic growth rate is a result of the downward trend in consumer spending.

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