Australia GDP slows in June quarter, still beating forecasts
Australia’s economy slowed in the June quarter as rising borrowing costs and high fuel prices weighed on consumer demand. Despite still topping forecasts, analysts warn inflation may keep requiring a deeper downturn.
Australia's economy slowed in the June quarter as higher borrowing costs and elevated fuel prices weighed on consumer demand, while analysts said a deeper downturn may still be needed to bring down stubborn inflation. Data from the Australian Bureau of Statistics on Wednesday showed real gross domestic product (GDP) r…