High interest rates are impacting household expenditures, causing the Australian economy to almost stagnate.

In the first three months of this year, the Australian economy was almost at a standstill.

Zhitong FinanceJun 5 00:40 ET

Australian Economy Starts 2024 With a Whimper -- Market Talk

The Aussie economy hasn't gotten off to a great start this year, Moody's Analytics says.

WSJJun 4 23:10 ET

Australia Economy Remains Weak on Household Spending Squeeze

Australia’s economy all-but stalled in the first three months of the year as elevated interest rates and cost of living pressures weighed heavily on households and broader activity.

BNN BloombergJun 4 22:49 ET

Japan Labor Data Suggests Gradual Wage Growth Continues -- Market Talk

Japan labor survey data for April confirms that the gradual increase in wage growth continues, ING economists say.

WSJJun 4 21:44 ET

Australia's Economy Barely Registers Pulse in First Quarter

Growth in Australia's commodity-rich economy barely registered a pulse in the first quarter, as the impact of high interest rates and climbing costs due to nagging inflation pressures slowed activity to a crawl.

WSJJun 4 21:33 ET

Australian GDP Expands 0.1% QoQ in Q1 Vs. 0.2% Expected

Australia’s Gross Domestic Product (GDP) grew 0.1% QoQ in the first quarter of 2024 compared with the 0.2% growth in Q4 of 2023, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in below expectations of 0.2%.

FXStreetJun 4 21:31 ET