Australia: Economy grows 2.5%, meets analysts' expectations
March 4 , 2015
The Australian economy registered an annualized growth of 2.5% in the October to December quarter compared to the previous year.
Meanwhile, the fourth quarter growth compared to the third quarter of 2014 was 0.5% .
The data are in tune with analyst forecasts and come just a day after Australia’s central bank left interest rates unchanged at 2.25%. In February, the bank had cut the interest rate to bring it to a record low in order to boost the economy.