Reported at johnmenadue.com: Australia’s economy grew by 0.6% in the December quarter of 2024, marking the fastest pace in two years, fueled by increased household spending and stronger exports.

Consumer spending rose by 0.4%, contributing to a slight improvement in GDP per capita, which had been in decline for seven consecutive quarters.

Despite the positive data, concerns remain regarding external factors, such as U.S. trade policies, that could affect future economic stability.