Global Finance News
02 Sep 2026, 09:04
Australia’s Economy Grows 0.4% in Q2, Beating Expectations
Australia’s economy expanded slightly faster than expected in the second quarter of 2026, adding to evidence that economic activity remains resilient despite elevated borrowing costs and global uncertainty.
Gross domestic product increased 0.4% quarter-over-quarter, above the 0.3% market forecast and accelerating slightly from the 0.3% expansion recorded in the first quarter. On an annual basis, GDP grew 2.1%, beating expectations for 1.8%, although growth slowed from 2.5% in Q1.
Australia’s economy expanded slightly faster than expected in the second quarter of 2026, adding to evidence that economic activity remains resilient despite elevated borrowing costs and global uncertainty.
Gross domestic product increased 0.4% quarter-over-quarter, above the 0.3% market forecast and accelerating slightly from the 0.3% expansion recorded in the first quarter. On an annual basis, GDP grew 2.1%, beating expectations for 1.8%, although growth slowed from 2.5% in Q1.
