Australia economy grows 2.5% on year in fourth quarter
March 03, 2015 at 19:32 PM EST
Australia's economy grew 2.5 percent in the fourth quarter from the year-ago period, government data showed on Wednesday, in line with expectations and after growing 2.7 percent in the third quarter.. Quarter on quarter, the economy logged growth of 0.5 percent, also matching estimates and and following the 0.3 percent expansion in the third quarter..