Australia's economy stalls despite data centre investment boom
Australia’s economy expanded by just 0.3% in the March quarter, with growth driven largely by investment in data centres while household spending remained subdued and productivity declined. NAB Senior Markets Economist Taylor Nugent joins SBS On the Money to unpack what the latest GDP figures mean for the economy and the outlook for interest rates. Plus, despite the weak economic data, the ASX 200 climbed 0.7% as investors scaled back expectations of a near-term rate rise. Josh Gilbert from eToro explains what drove the market higher, including record highs for mining giants BHP and Rio…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.