Economic growth is ‘softer’ than previous four quarters #Economic #growth #softer #previous #quarters #englishheadline


Australia’s economic growth has been a lot “softer” than the previous four quarters, according to Ernst and Young Oceania’s Chief Economist Cherelle Murphy.

“Household consumption still did grow in the quarter by 0.3 per cent, but that was a lot softer than the previous four quarters,” she told Englishheadline Australia.

“We also saw some evidence that household income – disposable income is really being affected.

“Household interest payments rose 23 per cent in the quarter, that’s a huge number.”

English Headline

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