Q2 growth concerns rise as consumer spending weakens

By Yajush Gupta · 24 June 2024 · News

Q2 growth concerns rise as consumer spending weakens

Australian Business Confidence Hits a Snag

Australian business confidence has taken a hit, and experts warn that a soft Q2 could be on the horizon. But what's behind this sudden downturn, and what does it mean for the economy?

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Summary

Australian business confidence dipped back to negative in May, mirroring weak Q1 activity and suggesting a soft Q2.