India, Sept. 3 -- The Australian economy expanded at a faster pace in the second quarter after severe weather events damped activity in the preceding quarter, data from the Australian Bureau of Statistics revealed on Wednesday.
Gross domestic product growth doubled to 0.6 percent in the June quarter from 0.3 percent in the March period. The rate also exceeded economists' forecast of 0.5 percent.
On a yearly basis, GDP growth improved to 1.8 percent, the strongest since September 2023, from 1.4 percent in the prior quarter.
However, GDP growth of 1.3 percent over the 2024-25 was the weakest annual growth since the early 1990s, excluding the COVID-19 impacted 2019-20 year.
Data showed that domestic final demand was the main driver of grow...