Business Recorder - Business & Finance - Industry https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 21:25:41 +0500 Thu, 13 Aug 2026 21:25:41 +0500 60 Australia economy grew 0.7 percent https://www.brecorder.com/news/5288/australia-economy-grew-07-percent <p class="MsoPlainText"><img style="margin-bottom: 10px; margin-right: 10px; float: left;" src="https://i.brecorder.com/images/stories/engine-plant.2.jpg" width="400" height="266" />SYDNEY<span style="font-size: 10pt;">?</span><span style="font-size: 10pt;">: </span>Australia<span style="font-size: 10pt;">'s economy grew a solid 0.7 percent last quarter as firms added to inventories and spent more on machinery, helping offset softness in consumption and housing.</span></p> <p class="MsoPlainText"><span style="font-size: 10pt;">Annual growth in gross domestic product (GDP) stood at 2.7 percent, right on expectations and keeping </span>Australia<span style="font-size: 10pt;"> on track for its 20th straight year without a recession.</span></p> <p class="MsoNormal"><span style="font-size: 10pt;">Policy makers and analysts are optimistic growth will quicken over the next couple of years as Chinese and Indian demand for resources fuels a once-in-a-century boom in trade and mining investment.</span></p> <p class="MsoNormal"> </p> <p><center><b><i>Copyright Reuters, 2011</i></b><i> </i><br /></center></p> SYDNEY?: Australia's economy grew a solid 0.7 percent last quarter as firms added to inventories and spent more on machinery, helping offset softness in consumption and housing.

Annual growth in gross domestic product (GDP) stood at 2.7 percent, right on expectations and keeping Australia on track for its 20th straight year without a recession.

Policy makers and analysts are optimistic growth will quicken over the next couple of years as Chinese and Indian demand for resources fuels a once-in-a-century boom in trade and mining investment.

 

Copyright Reuters, 2011

]]> Business & Finance https://www.brecorder.com/news/5288 Wed, 02 Mar 2011 08:08:23 +0500 none@none.com (Muhammad Iqbal)