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Aussie Economy Grows, But Who’s Really Winning | Melbourne News
Description
Australia’s economy is growing—but barely, with just a 0.4% consumption lift fueled mostly by record electric and hybrid car sales as overseas travel slows. While officials call it “robust,” inflation, instability, and flat productivity mean average Australians aren’t seeing real gains. GDP is expanding thanks to population growth, not productivity, leaving living standards stagnant—and experts say AI won’t fix this without deeper structural change.
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