Australia’s latest economic growth figures reveal a concerning trend in household savings patterns

Australias latest economic growth figures reveal a concerning trend in household savings patterns. Consumers have been spending more on food, clothing and household furnishings, which helped drive a 0.8 per cent boost in the nations economy in the June quarter. Economic reviewer, senior lecture Dr Chandana Hewage from faculty of business & Law - Swinburne University -Melbourne joined SBS Sinhalese program to review about this trend.

Scott Morrison_Treasurer_Australia Source: Scott Morrison_Treasurer_Australia