Australia’s annual economic growth fell from 2.3 percent to 1.8 percent in March, the weakest since 2009.
Australia’s cash rate has been cut for the second month in a row to a new record of 1%.
The decision to further cut the cash rate is intended to stimulate inflation and reduce unemployment.
We also look at the other economic indicators that paint a picture of the health of the economy, including consumer sentiment, movements in the Australian dollar, unemployment and wages as well as the state of the property market across all of the capital cities.
If you have any questions or want to have chat about how the latest economic developments are impacting your financial situation feel free to give us a call.
