Australia informs GDP growth of the fourth quarter of 1.3%, backed by exports

Australia’s economy expanded 1.3% Year and year in the fourth quarter, accelerating for the first time since September 2023.

GDP growth exceeded expectations of an increase of 1.2% of economists surveyed by Reuters, and also exceeded the 1.1% rise expected by the Bank of the Australian Reserve.

The country’s statistics office said the growth was “modest” but broad base, adding that “public and private spending contributed to growth, backed by an increase in exports of goods and services.”

About a quarter, GDP increased 0.6%, exceeding expectations of a 0.5% increase in a reuters survey and marking its fastest growth from the third quarter of 2022.

The data occurs after the Central Bank of Australia Reference rates cut at your monetary policy meeting Last month, marking its first cut in more than four years, in the midst of economic slowness and the ease of inflation.

In his Declaration on monetary policy Last month launched, the RBA said that GDP growth is expected to collect more than 2025, and private demand is expected to thoroughly grow an increase in household consumption.

The RBA has predicted a GDP growth rate of 2.4% and 2.3% by 2025 and 2026, respectively.

The main inflation is expected to rise to 3.7% at the end of 2025, while falling to 2.8% at the end of 2026, according to the statement.

These figures are based on the expectations that the RBA reference policy rate, or “cash” as known in Australia, will fall to 3.6% in December 2025 and 3.5% by December 2026.

Of Australia S&P/ASX 200 The Actions Index fell 1.02% after data release, while the Australian dollar weakened to operate 0.6250 against Greenback.