CANBERRA, ACT, Sept. 3 -- The Treasurer of Australia issued the following media release:
Today's National Accounts show Australia's economy is gathering momentum in the face of global economic uncertainty.
The economy grew 0.6percent in the June quarter, to be 1.8percent higher through the year.
This is a welcome and substantial pick‑up in growth.
The result was better than most economists expected.
It is the equal fastest quarterly growth rate in almost threeyears and the fastest annual growth rate in almost twoyears.
Quarterly growth was double what it was in the previous quarter, following revisions.
It's a very encouraging outcome as some comparable economies such as Germany and Canada went backwards in the quarter.
Today'...