Arab Today, arab today australian economy grows 13 q1 2012
Last Updated : GMT 12:48:35
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Australian economy grows 1.3% Q1 2012

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Arab Today, arab today Australian economy grows 1.3% Q1 2012

Sydney - AFP

Australia\'s mining-powered economy expanded 1.3 percent in the first three months of 2012 -- double expectations -- as consumers spent their money following rate cuts and business investment boomed. The Australian Bureau of Statistics said the quarter-on-quarter growth of 1.3 percent, which compared with an upwardly-revised 0.6 percent for the final quarter of 2012, took annual growth to 4.3 percent.

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