Australia’s Economy Posts Growth in Q2
(MENAFN) Australia's economic expansion gained momentum in the second quarter of 2025, with gross domestic product (GDP) rising by 0.6%, according to official data released Wednesday.
Figures published by the Australian Bureau of Statistics (ABS) show GDP growth accelerated during the April–June period, doubling from a revised 0.3% increase in the first quarter. The ABS had previously estimated first-quarter growth at 0.2% but revised the number upward in the latest report.
Year-over-year, the economy expanded by 1.8%, marking a rise from the 1.4% annual growth rate recorded through March, the ABS noted.
The quarterly report underscores a strengthening in Australia’s economic activity, signaling cautious optimism amid ongoing global uncertainty.
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