Business & Finance
Australia economy grew 0.7 percent
SYDNEY ? : Australia 's economy grew a solid 0.7 percent last quarter as firms added to inventories and spent more on m
1 min
By
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.