Australian economy grows 0.5% in 3rd quarter, but slowdown is seen

12/5/2012 | Sydney Morning Herald (Australia), The

Australia's economic growth remained in the plus column during the third quarter at 0.5%, off a bit from the 0.6% of the second quarter. Economists, however, pointed to a slowing trend this year and, looking ahead, said this is likely to continue as exports decline, government pares spending and the mining boom levels off.

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Sydney Morning Herald (Australia), The

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