Australia economy expands at slowest pace in over 2 years

Sydney

AUSTRALIA'S economy expanded at its slowest quarterly pace in more than two years, data showed on Wednesday, with exports dragged down by weakening growth in key trading partner China.

Resources-driven economies such as Australia, Brazil and Canada have been hurt by softening Chinese demand for commodities, which has triggered a dive in prices for metals and oil, sending their currencies tumbling and hitting revenue.