Australian department store
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Moderate growth for Australian economy

Australia has released its latest growth figures. Gross domestic product rose 3.1% in the third quarter, compared to the same time a year earlier but has slowed to 0.5% in the last quarter.

The Australian Federal Reserve Bank is forecasting consistent GDP growth of around 3% for 2013, far higher than in most advanced economies.

Duncan Kennedy in Australia has been looking at the country's growth performance.