Stronger-than-expected GDP growth raises prospect of rates hike | ABC NEWS
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The Australian economy has grown by 0.4 per cent in the June quarter, according to the latest GDP report from the Australian Bureau of Statistics (ABS). The data also shows household spending continued to be resilient due to strong savings in the April to June period. Oxford Economics’s Ben Udy says a stronger-than-expected economy and stubborn inflation will likely trigger a rates rise by the RBA. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-09-02/asx-markets-business-live-news/107105482 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcnewschannel Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-09-01/property-prices-downturn-accelerates/107098796 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcnewsnsw
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