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Australia’s economy shows best result in two years as consumer spending picks up

  • Written by The Conversation
Australia’s economy shows best result in two years as consumer spending picks upDiego Fedele/Getty Images

The Australian economy picked up strength in the June quarter as consumers opened their wallets, boosted by interest rate cuts earlier in the year.

New figures from the Australian Bureau of Statistics showed gross domestic product (GDP) grew by 0.6% in the June quarter and 1.8% over the year — the strongest outcome...

Read more: Australia’s economy shows best result in two years as consumer spending picks up

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