Рет қаралды 73,326
Economists say Australia is in for a challenging year as we live through the bottom of an economic cycle. Annual inflation for January came in lower than expected at 3.4 per cent, as price pressures moderate. Subscribe: ab.co/1svxLVE Read more here: www.abc.net.au...
That is the equal lowest pace of annual inflation recorded in the monthly Consumer Price Index indicator since November 2021. GDP data released in March will be key to see how much the economy slowed through 2023, with a risk it could have contracted in the December quarter. That will add pressure on the Reserve Bank to consider interest rate cuts earlier than expected.
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: ab.co/2lNeBn2
Like ABC News on Facebook: / abcnews.au
Follow ABC News on Instagram: / abcnews_au
Follow ABC News on Twitter: / abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia