Australian economy expands in 3rd quarter

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

Australia's economy soared the 3rd quarter boosted by a rapid expansion in mining business. Gross domestic product gained 1% compared with 0.8% increase previously predicted by economists, said Australian Bureau of Statistics on Wednesday. Growth in GDP reflects rapid escalation of mining investment and robust household consumption, though outweighed by declining public demand. 

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