India, March 5 -- Australia's economy logged a faster-than-expected growth in the fourth quarter underpinned by exports and government spending, data from the Australian Bureau of Statistics revealed on Wednesday.
Gross domestic product climbed 0.6 percent sequentially in the December quarter, following a 0.3 percent rise in the September quarter. GDP was expected to grow 0.5 percent in the fourth quarter.
On a yearly basis, economic growth accelerated to 1.3 percent from 0.8 percent in the third quarter. This was also above forecast of 1.2 percent. "Modest growth was seen broadly across the economy this quarter," Katherine Keenan, ABS head of national accounts, said.
"Both public and private spending contributed to the growth, supported...