Australia’s economy expanded 3.5%. Australian first-quarter GDP increased by the most since late 2011, beating analyst expectations as exports surged.

Australia’s economy expanded 3.5%. Australian first-quarter GDP increased by the most since late 2011, beating analyst expectations as exports surged.

The data comes a day after the Reserve Bank of Australia (RBA) left its key interest rate unchanged at a record low of 2.5 percent and said that there was likely to be a period of stability in interest rates.

http://www.cnbc.com/id/101728799

Australia economy

 

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