Australian GDP rises 0.4% QoQ in Q2 vs. 0.3% expected

According to the official data published by the Australian Bureau of Statistics (ABS) on Wednesday, Australia’s Gross Domestic Product (GDP) rose 0.4% in the second quarter of 2023, easing from 0.2% in the first quarter and under forecasts of 0.3%.

The annual second-quarter GDP expanded by 2.1%, conpared with the 2.3% growth in Q1 while missing estimates of a 1.7% increase.

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