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Strong commodity demand, sound policies support Australia

Posted on 16 November 2012

The Australian economy has demonstrated considerable resilience in the face of the global financial crisis, and is in a strong position to respond to any external shocks, says the IMF in its annual assessment of the country’s economy.
The country’s economy has been growing faster than most advanced countries, and is expected to grow by around 3¼ percent this year—broadly in line with trend—and by about 3 percent next year, as new natural resources-related investment reached record levels………………………………………..Full Article: Source

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