Australia’s Economic Growth Is Due To Temporary Factors

RBA Raises Growth Forecast, Sees ‘Strong Recovery’

By Walter Baker | Published 11/22/2016 | Full Size

The Opera House, left, and Harbour Bridge are seen in Sydney, Australia, on Friday, Sept. 22, 2010. Australia’s economy will expand more than previously forecast this year as flood rebuilding accelerates in the second half, tightening the labor market and putting pressure on wages, the central bank said. Photographer: Sergio Dionisio/Bloomberg

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