Australian growth accelerates

Investor's Business Daily
June 2012
Investors Business Daily;6/7/2012, pA02
The economy grew 1.3% in Q1 vs. Q4, well above estimates of 0.5% and much faster than the prior quarter's 0.4%, led by household spending and business investment. Investment in mining and liquid natural gas jumped 20%. Household spending growth hit a 4-year high of 1.6%. The GDP report came a day after the central bank cut interest rates on weaker outlooks for the global and domestic economies.


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