Australian economy expands 0.6% in Q3, 2.3% on-year


  • Business
  • Wednesday, 04 Dec 2013

SYDNEY: Mining-powered Australia expanded a modest 0.6 percent in the three months to September and 2.3 percent on-year, showing a transitioning economy "stuck in second gear", the government said Wednesday.

"The fact is the economy is stuck in second gear," Treasurer Joe Hockey told reporters.

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