Australia’s economic growth hits record low of 1%

Australia’s GDP growth has reached a record breaking low of 1%, the lowest growth since 1991-92 according to the Australian Bureau of Statistics.

Whilst Treasurer Jim Chalmers has accused the Reserve Bank of sabotaging the economy with high interest rates, global economic conditions aren’t looking great either.

So, what International trends could be behind Australia’s economic slowdown?

Image: Image: Pexels Tima Miroshnichenko

Produced By: Abhranil Hazra

Featured In Story: Tim Harcourt – Industry Professor and Chief Economist at University of Technology Sydney , and

First aired on The Wire, Thursday 5 September 2024