<\/p>\n
\u00a0The Australian economy recorded a growth in GDP growth of about 0.8% in the first quarter of this year 2022 ending in March, compared to a growth in the third quarter of about 3.4% before it was adjusted to 3.6%, while expectations were indicating a growth of about 0.6%, based on Annually, the gross domestic product rose to 3.3% compared to March of last year.<\/p>\n
The issued report showed that the rates of trade exchange rose by 5.9% in the first quarter, while the household saving rates declined to 11.4% from 13.4%.<\/p>\n
These numbers did not affect the decisions of the Reserve Bank of Australia at its next meeting and the expectations of raising interest rates by about 0.25%, as they do not sound the alarm bell for the Australian economy.<\/p>\n
The Australian dollar is trading at 0.7171 levels against the US dollar.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
\u00a0The Australian economy recorded a growth in GDP growth of about 0.8% in the first quarter of this year 2022 ending in March, compared to a growth in the third quarter of about 3.4% before it was adjusted to 3.6%, while expectations were indicating a growth of about 0.6%, based on Annually, the gross domestic […]<\/p>\n","protected":false},"author":1,"featured_media":4438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-4437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currency-markets"],"acf":[],"yoast_head":"\n