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Al Jazeera
Al Jazeera
Business

Australia’s economy posts worst performance since 1992, excluding pandemic

Australia Economy Pandemic
Pedestrians and shoppers walk through Sydney's central business district, August 6, 2024 [Lisa Maree Williams/Getty Images]

Australia’s economy has posted its worst performance in more than 30 years, excluding the first year of the COVID-19 pandemic.

Australia’s gross domestic product (GDP) expanded by just 0.2 percent in the April-June period and 1 percent over the last year, the Australian Bureau of Statistics said on Wednesday.

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