Original article by Adam Creighton
The Australian – Page: 1 & 2 : 8-Jun-17

The latest national accounts data shows that the Australian economy expanded by just 1.7 per cent in the year to March 2017, which is the lowest annual growth rate for eight years. GDP growth was 0.3 per cent in the March quarter, compared with 1.1 per cent in the December 2016 quarter. Treasurer Scott Morrison has downplayed concerns about the outlook for the economy and the implications for May 2017 Budget forecasts. He notes that 17 out of 20 industry sectors recorded growth during the March quarter, while business investment has risen for two consecutive quarters.

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