Global Macro Service > Data Insights > Asia Pacific

Economy accelerates in Q2

In line with our forecast, Australia’s economy grew by 0.8% q/q in Q2 2017, equivalent to 1.8% on the year. Government expenditure was the key driver, with current consumption increasing by 1.2% q/q and investment rising a whopping 11.9% (although this includes a significant asset purchase from the private sector).

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