Dow Jones Newswires: Australia’s economic growth slows in Q4 as consumer spending cools

by | Feb 28, 2023 | Stock Market

By James Glynn SYDNEY–Australia’s economy grew by much less than expected in the final months of 2022 as consumer spending slowed in the face of rising interest rates and the biggest cost-of-living surge in over three decades. The economy grew 0.5% on quarter in the fourth quarter, and 2.7% on year, the Australian Bureau of Statistics said…

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