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Economic growth slowed in March quarter
Peter Hannam
Australia’s economy slowed in the March quarter, as splurges by households, businesses and government were not enough to make up for a contraction of the country’s net exports.
Gross domestic product expanded at a clip of 3.3% in the first three months of 2022 compared with a year ago. That pace compared with 4.2% reported by the ABS for the December quarter and the roughly 3% rate expected by economists.
It’s the first big economic…
