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Australia’s economy cools amid rate hikes

Summary by Ground News
Australia's economy grew 2.3 percent from a year earlier, slowing from a downwardly revised 2.6 percent. GDP advanced 0.2 percent from the previous quarter, the weakest three-month expansion since September 2021. Employee compensation accelerated to 2.4 percent in the first three months of the year, the fastest pace since June 2007.

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Taipei Times broke the news in Taipei, Taiwan on Wednesday, June 7, 2023.
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