Economy News Headlines - Yahoo! News: Australia economy marks 22 years of growth in Q2

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Australia economy marks 22 years of growth in Q2 Sep 4th 2013, 03:11 By Wayne Cole SYDNEY (Reuters) - Australia's economy grew moderately last quarter as modest gains in consumer and government spending offset a very flat performance elsewhere, though there was still scant sign of a much-needed recovery in business investment. The Australian Bureau of Statistics reported gross domestic product (GDP) rose 0.6 percent in the second quarter, from the previous quarter when it rose 0.5 percent. That was enough to send the local dollar higher as there had been fears the report would be much weaker. ... Media files: 2013-09-04T031135Z_1_CBRE98308VK00_RTROPTP_2_AUSTRALIA.JPG (image/jpeg)

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