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Subdued growth for SA, while cost of living crisis eases

South Australia's economy grew weakly in 2023/24 due to capacity constraints and subdued household spending, according to the latest SACES Economic Briefing Report from SACES. While the labour market remained resilient with low unemployment, households faced severe cost-of-living pressures, with real per capita disposable incomes declining for a second consecutive year. Looking ahead, a modest recovery in household spending and easing inflation are expected, but challenges like a smaller winter grain crop and global trade risks may dampen growth prospects.

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