The Australian economy expanded at a stronger pace in the last three months of 2013, taking the annual growth rate to 2.8 per cent

The Australian economy expanded at a stronger pace in the last three months of 2013, taking the annual growth rate to 2.8 per cent. The economy grew at a seasonally adjusted 0.8 per cent in the December quarter, up from a 0.6 per cent expansion in the three months to September. Economists had tipped the growth rate for the quarter to come in at 0.6 per cent, and for the year-on-year rate to be 2.5 per cent. A series of indicators released over the past week that feed into the GDP figures have painted a mixed outlook for the economy. Economists have said resources exports were expected to driven GDP growth, but that domestic demand remained weak. Read more: (VIEW LINK)


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