Australia's economy experienced a noticeable deceleration in GDP growth during the first quarter of 2025, recording a growth rate of just 0.2%. This represents a significant slowdown compared to the 0.6% growth observed in the previous quarter of 2024, as documented in the latest data updated on June 4, 2025.
The first quarter figure underscores a challenging period for the Australian economy, as it rounds up an ongoing trend of diminishing growth rates when evaluating the quarter-over-quarter performance. This downturn comes after having maintained a comparatively robust pace in the concluding quarter of 2024.
Economists are closely watching these developments, analyzing potential contributing factors ranging from domestic policy shifts to global economic pressures, as they anticipate further insights that could shed light on this downturn's implications for the Australian economy in the coming months.
