Daily Archives: March 7, 2013

Kate Allen

Australia’s economy is on the up, the latest data shows, with GDP rising by 0.6 per cent quarter-on-quarter. But the national figures hide a lot of variation at state level. In effect, Australia has a two-speed economy.

Most of the growth was driven by the Northern Territory, where the economy is booming thanks to its dominant mining industry. By contrast Victoria, Tasmania and South Australia were in recession.

Australia final demand by state

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