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Politics

Jacob Shteyman

Green shoots for economy as Australia snaps dire record

Australia United States Economy Economic Growth Reserve Bank Tapas Strickland GDP China NAB

The economy appears to be on the right track after gross domestic product expanded in 2024. (James Ross/AAP PHOTOS)

Australia's economy has "turned a corner", ending a record 21 months of falling living standards in an encouraging sign that there are better times ahead.

Gross domestic product expanded by 0.6 per cent in the December quarter, the fastest quarter of growth in two years, the Australian Bureau of Statistics reported on Wednesday.

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