Forex | Forex | The Australian economy expanded in the second quarter (02/09/2009 03:08:48)

The Australian economy expanded in the second quarter

The Australia economy expanded in the second quarter supported by consumer spending that appeared to be the main pillar for economic growth since exports weakened affected by the financial crisis. The Australian economy was one of few major economies managed to avoid technical recession when it expanded 0.4% in the first quarter. The Australian gross domestic product grew 0.6% in the second quarter from a previous 0.4% in the three months ended March, while it was expected to expand 0.2%. The


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