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Australia's economic growth slows in fourth quarter

Australia's economy has grown less than expected in the fourth quarter. Gross domestic product, grew by just 0.4% - up 2.3% on the same period last year.

So just how much of a problem is this slowdown and is Australia's two decades of growth suddenly running out of steam?

The BBC's Sharanjit Leyl spoke to Paul Bloxham from HSBC who says that while the rate of growth has slowed, this should be put into perspective - Australia's economy is still growing.

  • 07 Mar 2012