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Australia economic growth slows to 0.3% in Q1

Australia’s economy slowed in the March quarter ​as a boom in data ‌centres boosted business investment but also sucked in imports, a ​pullback that is likely ​to worsen in the face of ⁠higher borrowing costs and ​fuel prices.

SYDNEY, June 3 (Reuters) – Australia’s economy slowed in the March quarter ​as a boom in data ‌centres boosted business investment but also sucked in imports, a ​pullback that is likely ​to worsen in the face of ⁠higher borrowing costs and ​fuel pric… [540 chars]

Source: Reuters | Published: 2026-06-03T01:40:58Z

Credit: Reuters

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