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Australia marks record 26 years without recession

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Published Wed, Jun 7, 2017 · 09:50 PM

    Sydney

    AUSTRALIA marked a record 26 years without a recession on Wednesday, as the economy grew 0.3 per cent in the first quarter, official data showed.

    The Australian Bureau of Statistics put the annual rate of growth at 1.7 per cent, down from 2.4 per cent in the previous three months.

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