Watch FIFA World Cup 2026™ LIVE, FREE and EXCLUSIVE

Australia's growth slows ahead of election

Treasurer Josh Frydenberg says the Australian economy is in good condition despite the latest figures showing it's growing slower than expected.

How Australian state economies rank

Source: Getty Images

 

Treasurer Josh Frydenberg says the Australian economy is in good condition despite the latest figures showing it's growing slower than expected.

The latest national accounts released by the Australian Bureau of Statistics show the economy grew by zero-point-two [[0.2]] per cent in seasonally adjusted terms in the December quarter and by two-point-three [[2.3]] per cent in the year to December.

The figures were under the expectations of both economists and the Reserve Bank.

Despite journalists pointing out that the economy would have been in recession if it hadn't been boosted by population growth, Mr Frydenberg says Australians should trust the coalition to handle it beyond the election.

Opposition treasurery spokesman Chris Bowen says the government's claims that it is the better manager of the economy have been shredded by the results.

 


1 min read

Published

Updated

By Hachem El-Haddad

Source: SBS




Share this with family and friends


News

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS Arabic

Download our apps

Listen to our podcasts

Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS

Arabic Collection

Watch SBS On Demand

Watch now