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Australia’s economy has turned the corner, and consumer spending was a big help

By Stephen Bartos, Professor of Economics, University of Canberra

Australia’s economy expanded at the fastest pace in two years in the December quarter, boosted by an improvement in household spending and stronger exports.

The Australian Bureau of Statistics’ national accounts report today said the economy grew by 0.6% in the quarter. It attributed this to “modest growth […] broadly across the economy […] supported by an increase in exports”.

Annual gross domestic product…

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