Australian economy crawls back into growth mode thanks to datacentre boom and household spending uptick

Analysts say national accounts figures show how far the economy has come, with annual GDP growth hitting 2.1% compared to 0.8% this time last year

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Surging investment in datacentres to fuel the AI tech boom and rising household spending on essentials like electricity and rents buoyed economic growth through the three months to September.

National accounts figures showed real GDP expanded by 2.1% in the year, accelerating from 2% in June.