AUSTRALIA
From Times Staff and Wire Reports
Economic Growth Exceeds Expectations: The Australian economy expanded 1.3% in the July-September quarter, hoisting the nation to the top growth ranks of industrialized nations, with annual growth of 6.4%, according to official figures. The July-September quarter gain was a jump from revised growth of 1.4% in gross domestic product for the April-June quarter. The rate exceeded analysts’ expectations for a quarterly GDP of 1% and annual growth of 5.5%.
