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Mediocre year ahead for Australia: Macquarie

Thursday 10th of January 2002

The Australian economy is expected to lag the rest of the world in terms of growth this year, Macquarie Bank predicts.

It says Australia has weathered the initial downturn in global activity, and the economy has been expanding at about 4.5% in the 2001 year.

Australia's recovery has been underpinned by the rapid pi...

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