The Australian economy observed a growth of 0.4 per cent in the September quarter 2019 in seasonally adjusted terms, reported the Australian Bureau of Statistics (ABS). Moreover, the economy grew by 1.7 per cent through the year.
The ABS has provided the following data for the September quarter:
- Household saving ratio rose to 4.8.
- Domestic final demand added 0.2 percentage points to the country’s GDP growth, fueled by the public sector.
- Net exports also added 0.2 percentage points to GDP growth.
- Terms of trade advanced 0.4 per cent.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.