Posts tagged "Australia GDP"

Australia's small business sector contributes more than half a billion to national GDP and provides jobs for 5.1 million people, according to a new snapshot of the local business landscape.

SMEs represent 99.8% of all businesses in Australia, contribute half of the GDP, and are critical to the nation’s economic prosperity and diversity.

Treasurer Josh Frydenberg has outlined a set of grisly figures in an address to Parliament, predicting Australia's quarterly GDP will fall at least 10% in June.