Australia reports GDP growth in the fourth quarter by 1.3%with the support of exports

Australia’s economy increased by 1.3% From year to year in the fourth quarter, accelerating for the first time since September 2023.

GDP growth has overcome the expectations of 1.2% of the economists surveyed by Reuters and exceeded 1.1% of the rise, which is expected to reserve Australia.

The country’s statistics bureau said the growth was “modest”, but on the wide, adding that “both public and private costs contributed to the growth, which was supported by the increase in exports of goods and services.”

A quarter of a quarter of GDP increased by 0.6%, winning the expectations by 0.5% of the Reuters survey and noting its fastest growth from the third quarter of 2022.

The data comes after the Australian Central Bank Sliced ​​indicators at the Monetary Policy Meeting Last month, noting its first reduction in four years, against the background of economic sluggishness and inflation mitigation.

In it The statement of monetary policy Published last month, RBA said GDP growth in Australia is expected to take over 2025, and a private requirement is expected to grow on the back of the increase in household consumption.

RBA predicts GDP growth rate of 2.4% and 2.3% for 2025 and 2026, respectively.

The headlines are expected to be subjected to 3.7% at the end of 2025, and by the end of 2026 will decrease to 2.8%, the statement said.

These figures are based on the expectations that the RBA policy benchmark – or the “cash rate”, is known in Australia – will decrease to 3.6% by December 2025, and 3.5% by December 2026.

Australia S&P/ASX 200 After the release of the data, the stock index decreased by 1.02%, while the Aussie dollar has weakened to a trade of 0.6250 against green circulation.

In a note published after GDP announcement, my Bui, an economist of the Australian financial services, said: “While growth rates are still much lower than a long-term trend, which means a turning point for the economy.”

However, she warned that the impulse of growth was still fragile, indicating that the cost of the government contributed to much growth, while consumer costs were lifted in stocks.

“In addition, growth resistance is still in doubt, as the performance has not yet risen, and the rates clearly remain at a restrictive level,” she wrote. “The tension in the trade war also this year creates additional risks for the economy.”

She said AMP expects RBA to take place in March before lowering the speed in May.