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08:56 AM
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BREAKING: Australias economy booms as the world crumbles
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[quote:Anonymous Coward 17177008:MV8xODkwNDk5XzMxNTc0NTg4Xzc0MEZBNjg4] Yeah but that's not necessarily good. But as long as you have wage growth there isn't much to complain about. Take the US for instance. We have growth but no wage growth. So all the new growth is going to the elite. As usual. Then the have the nerve to tell us they pay too much in taxes. [/quote]
Original Message
Australias GDP grew 1.3% in the three months to March.
(0.6% was expected)
This is being reported as breaking news on ABC News 24 right now.
This is likely connected to China's large appetite for Australian minerals.
UPDATE:
in the last minute the Australian dollar has risen half a cent to the US $ in one minute after this announcement.
and rising fast.
...Australia yet again has avoided any sign of recession just like in 2008.
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