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Australia economic growth slows unexpectedly

Sliding export prices, rout in global commodity prices take heavy toll on national income

Mr Hockey acknowledged that the government was falling behind in its plans for a renaissance in infrastructure spending.


AUSTRALIA'S economic growth unexpectedly slowed last quarter as sliding export prices took a heavy toll on national income, and the outlook is even darker given the rout in global commodity prices of recent weeks.

The Australian dollar dived to four-year lows at US$0.8392