Australia 2Q spending mix raises doubts on GDP easing RBA inflation concerns
Australia spent heavily on imported technology, electric vehicles and energy in 2Q amid the Middle East crisis and AI facilitation efforts, but the growth composition was less encouraging than headlines suggest, says EY’s Cherelle Murphy.
Australia spent heavily on imported technology, electric vehicles and energy in 2Q as it responded to the Middle East crisis and the race to facilitate artificial intelligence, says Cherelle Murphy, chief economist at EY.
But the composition of growth was less encouraging than the headline suggests…