Australia’s economic growth slowest in 10 years amid calls for swift action

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Average hourly earnings also missed expectations, up 0.2% on the month and 3.1% over the year, the slowest rise since September. The bond market reaction was swift; yields on both the two-year and.

The US economy slowed sharply in the final three months of the year largely due to falling exports, pulling 2016 growth to its lowest since 2011. like large appliances, and a 10 percent jump in.

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Australia’s economic growth slowest in 10 years amid calls for swift action. " The treasurer, Josh Frydenberg, has held out accelerated infrastructure spending as a possible salve for the Australian economy after growth slowed to 1.8% in the last year, the slowest since 2009.The Australian economy grew by just 0.4% in the March quarter.

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A political crisis in Sri Lanka last year led to the slowest economic expansion in 17 years, the central bank said Friday. Growth for 2018 was cut from a forecast above 5.0 percent to about 3.0.

With Australia’s economic growth the slowest in 10 years, treasurer josh frydenberg has pointed to infrastructure spending and tax cuts as potential boosters. But CommSec’s chief economist, Craig James, usually one of the most bullish forecasters in Australia, says: "The Aussie economy has lost momentum.

"China’s real activity indicators all came in worse than expected, suggesting that the economy is still ailing," said Liu Ligang, an economist at Australia. the second quarter, its slowest pace in.

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Dr Lowe and the RBA board cited concerns about weak consumer spending, low wages growth. with a year earlier, new Australian Bureau of Statistics data showed. Australia’s economy grew by 1.8 per.