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Australia’s Economy Posts Growth in Q2
(MENAFN) Australia's economic expansion gained momentum in the second quarter of 2025, with gross domestic product (GDP) rising by 0.6%, according to official data released Wednesday.
Figures published by the Australian Bureau of Statistics (ABS) show GDP growth accelerated during the April–June period, doubling from a revised 0.3% increase in the first quarter. The ABS had previously estimated first-quarter growth at 0.2% but revised the number upward in the latest report.
Year-over-year, the economy expanded by 1.8%, marking a rise from the 1.4% annual growth rate recorded through March, the ABS noted.
The quarterly report underscores a strengthening in Australia’s economic activity, signaling cautious optimism amid ongoing global uncertainty.
Figures published by the Australian Bureau of Statistics (ABS) show GDP growth accelerated during the April–June period, doubling from a revised 0.3% increase in the first quarter. The ABS had previously estimated first-quarter growth at 0.2% but revised the number upward in the latest report.
Year-over-year, the economy expanded by 1.8%, marking a rise from the 1.4% annual growth rate recorded through March, the ABS noted.
The quarterly report underscores a strengthening in Australia’s economic activity, signaling cautious optimism amid ongoing global uncertainty.
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