World Business News

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Australia beats growth forecast

Zone(s): Australia ¦ Sector(s): Economy
[4 June 2014, BBC News]Australia’s economy grew more than forecast in the first three months of the year, boosted by a rise in exports and domestic consumption.

Growth was 1.1% in the January-to-March period, from the previous quarter. Most analysts had forecast growth of 0.9%. The annual growth rate was 3.5% – the highest in nearly two years.

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