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Article Excerpt
Australian unemployment is at a 32 year low. In February 2007, the index of leading economic indicators had an annualized growth rate of 5.7 percent. The Chief Economist of the Westpac-Melbourne Institute, the organization that compiles the index, said, "The Index continues to point to an acceleration in economic growth over the next 39 months." The sources for these facts are: Agence France-Press (AFP), and The Australian (Sydney), April 18, 2007 and April 26, 2007 respectively.
"Stable interest rates may spur consumer spending and a home building recovery, stoking the economy's 16-year expansion," according to a May 1, 2007...
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