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16 Sep 2024 9:54
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  •   Home > News > Business

    Australia's slow economic growth has highlighted a split between public and private sectors

    Australia's slow economic growth has highlighted a split between public and private sectors


    Its GDP rose one percent over the past financial year -- the lowest outside Covid, since 1991-92.

    GDP per capita also shrank for a sixth consecutive quarter, down point-four percent.

    JMI Wealth Director Andrew Kelleher says it's down to increased government spending, tourism and foreign students.

    He says Australia's private sector was a negative contributor to growth, but strength in the public sector offset that.

    © 2024 Newstalk ZB, NZCity

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