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Extreme weather events have slowed economic growth, adding to the case for another rate cut

  • Written by The Conversation

Australia’s economy slowed sharply in the March quarter, growing by just 0.2% as government spending slowed and extreme weather events dampened demand. That followed an increase of 0.6% in the previous quarter.

The national accounts report from the Australian Bureau of Statistics (ABS) showed annual growth steady at 1.3%, below market...

Read more: Extreme weather events have slowed economic growth, adding to the case for another rate cut

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