Fundamental: Australian Economy Slows as Interest Rate Hikes Begin to Bite

Australia's economy expanded at a slower-than-expected pace in the final three months of 2022, in a sign the Reserve Bank's rapid interest-rate increases are beginning to weigh on activity. Gross domestic product advanced 0.5% from three months prior, coming in below economists' estimates for a 0.8% gain, Australian Bureau of Statistics data showed ...     Alert Mar 1, 2023, 8:49am Fundamental: Australian Economy Slows as Interest Rate Hikes Begin to Bite Australia's economy expanded at a slower-than-expected pace in the final three months of 2022, in a sign the Reserve Bank's rapid interest-rate increases are beginning to weigh on activity. Gross domestic product advanced 0.5% from three months prior, coming in below economists' estimates for a 0.8% gain, Australian Bureau of Statistics data showed ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support