After such a long period of miserable figures, seeing the economy grow closer to 3% is a relief The latest GDP figures showing Australia’s economy grew 2.6% last year is good news, but the data also reveals an economy boosted by people chasing bargains and the one-off effect of the Ashes tour. It has been nearly three years since the economy has grown as fast as it currently is. The Bureau of Statistics estimates that the economy in the December quarter of last year was 2.6% bigger than the December quarter in 2024. Continue reading...