BULLOCK TO RESPOND TO WEAK ECONOMY
All eyes are set to turn to governor of the Reserve Bank of Australia, Michele Bullock, today when she gives a speech to the Anika Foundation. Yesterday, the Australian Bureau of Statistics revealed Australia’s economy grew by just 0.2% in the June quarter, equating to 1% over the past year.
That sluggish growth and its impact has led coverage overnight, with The Australian leading with Treasurer Jim Chalmers saying his budget strategy had been vindicated as the country would likely be in recession if not for government spending.
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