Tuesday, January 11, 2011

Australia's fourth-quarter economic growth of 0.9% qoq.

<P> Australian Bureau of Statistics data released on the 3rd, to a seasonally adjusted basis, fourth quarter of 2009 the country's gross domestic product (GDP) growth of 0.9% qoq, while the second quarter of 2009, respectively, and third quarter economic .sequential growth of 0.6% and 0.3%. .</ P> <P> According to statistics, many positive factors in promoting economic growth in the fourth quarter of last year in Australia. .Among them, private investment increased by 3.5%, 10.2% growth in public investment, household spending rose 0.7%. .</ P> <P> data also show that Australia's GDP grew last quarter by 2.7%, higher than economists had expected 2.3%. .</ P> <P> data release, the Australian Treasurer Wayne Swan told the media that the Australian economy was better than in other developed countries, the latest data again show that the economy will continue to grow the overall trend. .Swan also said the Australian economy and further recovery in 2010 have great confidence. .</ P> <P> in 3 basic economic data released in line with economists on the Australian economy will continue to growth in the overall judging. .Australia's central bank on the 2nd regular meeting held the benchmark interest rate by 0.25 percentage point to 4%, was that in 2009 the actual situation of the Australian economy was better than expected. .</ P>.

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