Summary: Australia’s GDP grew 1.8% year-over-year in the second quarter, surpassing expectations and marking the fastest growth since September 2023. This growth was driven by domestic spending, particularly household and government consumption, while public demand remained flat. The Reserve Bank of Australia cut rates and adjusted its economic growth forecast, citing a weaker-than-expected rise in public demand and a lower outlook for productivity growth.

Link: https://www.cnbc.com/2025/09/03/australias-gdp-expands-more-than-expected-fastest-pace-since-september-2023.html