MELBOURNE, Sept 2: Australia posted economic growth of 0.6 per cent in the June quarter, official figures showed today, confirming its status as the best performer in the developed world during the global downturn, reports AFP.
The better-than-expected figure means the economy expanded 1.0 per cent in the first six months of 2009, building on 0.4 per cent growth in the March quarter.
Analysts had predicted growth of about 0.2 per cent after weak export figures were released earlier this week.
Australian Chamber of Commerce and Industry president Peter Anderson said the strong growth was welcome but the real test for the economy would come in the next nine months, when government stimulus spending dries up.
“What we are seeing is growth on the back of the contribution from the publicly-funded stimulus,” he told Sky Business.
“That will start to be eased out over the next quarter, which means that the economy will still be under pressure... the real test is yet to come.”
The Australian government has announced stimulus measures totalling more than 70 million dollars (60 million US) since the end of last year designed to cushion the economy from the global financial crisis.
http://www.newstoday-bd.com
Kamis, 03 September 2009
Australian economy grows 0.6 pc
0 komentar:
Posting Komentar