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The Australian economy expanded by 3.1% in the year to Q3/2012, a slowdown from the 3.7% annual rate recorded in Q2/2012. The moderate slowdown reflects a decline in the terms of trade, subdued residential construction and below trend growth in retail spending. There continue to be wide variations between states and industry sectors with mixed implications for tenants, owners and investors in real estate markets.
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06 December 2012