Squiz Today Our national economy grows, and Tassie's stadium gets the green light
Dec 3, 2025
The national economy sees a 0.4% growth driven by consumer demand and investment, though supply issues pose challenges. A new search for MH370 is set to begin, backed by a hefty finder fee. Tasmania's parliament gives the green light for a $1.13 billion stadium project, influenced by key independent votes. Meanwhile, Spotify Wrapped reveals global listening trends and top artists, while the Ashes Test preview hints at exciting lineup changes! Plus, get ready for wrap season with Apple and Spotify.
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Economy Growing Despite Soft Quarter
- Australia's economy grew 0.4% in the September quarter, with annual growth at 2.1% to September.
- David Bassanese says underlying strength comes from private investment and consumer demand despite the soft quarterly read.
Supply Constraints Mask Demand Strength
- Low supply forced firms to meet demand by drawing down stock, muting GDP growth.
- Net trade fell and public investment rose, potentially adding to inflationary pressure per Shane Oliver.
Public Investment Can Add To Inflation
- Public investment rose 3% year-on-year, including renewables and water projects.
- Shane Oliver warns such spending can contribute to higher inflation, affecting interest rate expectations.