Australia's GDP advances two times more than expected

Note: This section contains information in English only.
Source: Bloomberg
Australian economy expanded at much faster pace than expected, pushing Australian Dollar, stocks and borrowing costs higher and reducing scope for RBA for further interest rate cuts. Australia's GDP surged 1.3% in the first quarter compared to a 0.6% gain in the fourth quarter. Analysts expected a similar increase as in previous three months at 0.6%.   
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