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Australia: Commodities forecaster trims outlook for output, economic growth

Posted on 21 June 2011

Australia’s output of coal and other energy commodities was likely to be lower than previously thought next fiscal year despite high prices, with uranium and crude oil leading the fall, the government’s commodity forecaster said today.
The Australian Bureau of Agricultural and Resource Economics and Sciences also trimmed its overall growth forecast for the economy, which is expected to lag world growth this year and next……………………………………….Full Article: Source


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