Australia's growth may record 2.25-3.25% this year

Source: RTT News
© Scanpix/FP
Forecasts of economic growth and inflation in Australia was raised by the Reserve Bank mainly due to a weaker currency boosting exports and restraining imports to the country, the latest Monetary Policy Statement published by the bank showed on Friday. Australia's growth is forecast to record 2.25-3.25% at the end of this year, while inflation should grow by 3%.

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