GDP BEATS EXPECTATIONS
Thursday, December 3, 2015
Australia's economy is showing signs of picking up momentum, with a stronger than expected GDP growth of 2.5 per cent over the past year.
It is a marked acceleration from the June quarter's disappointing annual growth rate of 2 per cent and the fastest economic growth in 18 months, but still below the economy's long-term trend.
GDP expanded by 0.9 per cent in the September quarter against market expectations of 0.8 per cent.
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