Aust records 25 years without recession

07 September 2016

 

For the third consecutive quarter, Australia has recorded annual GDP growth of 3% or better. The economy grew by 0.5% over the June quarter, which was higher than the median forecast of 0.4%. On a year-on-year basis, GDP growth was 3.3% which was also higher than the 3.2% expected by economists. A major part of the increase was driven by the public sector at the state and local government levels...

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