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IMF Upgrades Australia GDP Forecast


Wednesday, June 24th, 2009

THE IMF foresees Australian GDP to only contract by .5% rather then by 1.4% it had forecast in April 2009. It has also increased its outlook for 2010 to 1.5% GDP growth compared to .6% in April

The IMF also indicated government spending had an impact to boost domestic demand which was an initiative from the Australian Goverment..

For more:

http://online.wsj.com/article/BT-CO-20090624-716655.html

http://www.afr.com/home/viewer.aspx?ATL://1245883849802&section=news&title=Swan+welcomes+IMF+assessment



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