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GDP growth rate slows

Staff Reporter 1 minute read

Gross domestic product (GDP) rose a surprising 0.6 per cent, seasonally adjusted, in the March quarter ABS data revealed yesterday.

This brought the annual rate, seasonally adjusted, to 3.6 per cent.

The result was the slowest rate of growth in two years, but still stronger than that anticipated by the RBA or the Treasury.

Published: 05-06-08

GDP growth rate slows
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