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smi24.net
World News in Dutch
Март
2017

Australia avoids recession with growth in December quarter

CANBERRA, Australia (AP) — Australia's economy expanded at a faster-than-expected 1.1 percent annual pace in the final three months of last year, as resurgent coal and iron ore prices helped the country avoid recession.

Iron ore and coal are Australia's biggest exports and reduced demand from China has cooled a mining boom and hurt the Australian economy.















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