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Growth to slow, mining boom to peak in 2013: RBA

Posted on 08 February 2013

Australia’s rate of economic growth is expected to ease slightly in 2013 as mining investment slows, the central bank says. The Reserve Bank of Australia on Friday downwardly revised its forecasts for gross domestic product (GDP) growth to between two to three per cent in 2013, from its previous forecast of 2.25 to 3.25 per cent.
It expects GDP growth through to the end of 2012 to be 3.5 per cent, which is in line with its November forecast. December quarter GDP figures from the Australian Bureau of Statistics are released on March 6………………………………………..Full Article: Source


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