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Australian economy avoids recession, booms in final quarter of 2016

National accounts figures released by the ABS have provided a welcome growth figure of 1.1% for the Government.

This avoids a technical recession, as the previous quarterly results were negative.

Has our economy turned the corner? Roderick Chambers asked Dr Nicholas Gruen whether buoyant prices for coal and iron ore could be behind the recent good economic news.

Features: Nicholas Gruen, Lateral Economics

Image: royal arcade on freeaussiestock.com

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