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03:18
Australia's economic growth short of expectations at 0.8 pct
STORY: Australia's economic growth short of expectations at 0.8 pct
SHOOTING TIME: Dec. 5, 2024
DATELINE: Dec. 6, 2024
LENGTH: 00:03:18
LOCATION: Canberra
CATEGORY: ECONOMY
SHOTLIST:
1. various of airport and port in Australia
2. various of banks
3. various of the Parliament of Australia
STORYLINE:
Australia's economy grew a slower-than-expected 0.8 percent in the 12 months to September, official figures have revealed.
According to data published by the Australian Bureau of Statistics (ABS) on Wednesday, Australia's gross domestic product (GDP) grew 0.3 percent in the three months to September and 0.8 percent in the 12 months since September 2023.
It marked Australia's slowest rate of GDP growth in a 12-month period since the COVID-19 pandemic recession of 2020.
The Australian Associated Press reported that economists had expected growth of 0.5 percent for the three-month period and 1.1 percent for the year.
The economy grew 1.0 percent in the 12 months to June 2024.
Xinhua News Agency correspondents reporting from Canberra.
(XHTV)
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