SYDNEY—Australia’s economy grew less than expected in the third quarter, sending the Australian dollar sharply lower and highlighting how record-low interest rates are yet to fire a broad recovery.
The resource-rich economy expanded by 0.6% in the third quarter from the second, and by 2.3% from a year earlier, a government report showed Wednesday. That was below economists’ expectations of 0.8% quarterly growth and 2.6% on a…
Read the original post: Australia Is Stuck in Low Gear
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