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Australia: Economy grows 2.5%, meets analysts' expectations

  • 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.

    Tagged as: Australian economy, Australia, quarterly growth, fourth quarter growth, central bank, interest rates, business news