Australian economy grows 0.9%

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10 June 2015

 

The latest ABS figures show that GDP grew 0.9% in the March quarter and 2.3% year-on-year (vs exp 0.7% /2.1%). CBA commented that the data “showed the driving force pointing to lower rates in Australia remains firmly in place. 1.0% points of the 0.9% growth in real GDP came from net exports and inventories. We think that is jobless growth – the miners behind the pick-up in export volumes are...

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