Wed, 04 Jun 2014 07:57:04 GMT
Australian economy grows at fastest pace in two years
Economic growth in Australia reached the highest pace in last two years, with both exports and construction sector advancing, while the RBA kept borrowing costs low. The GDP of the country surged 1.1% in the first quarter of this year on the quarterly basis, while analysts predicted the indicator to add 0.9%. On the annual basis, the economy increased 3.5%