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Australian GDP: Exports and Consumers 4Q14

Economic growth for 4Q14 came in slightly below market expectations at 0.5% growth in the quarter; equivalent to 2.5% growth over 2014. This remains well below the annual trend rate of just over 3%. The slowing of the mining investment boom continues to weight on growth. Encouragingly there are signs that the consumer sector is starting to gain momentum. This paper will examine the 4Q14 Australian national accounts data and  look at the main implications for commercial property markets.

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