Australia extends growth run to 21 years

Australia’s economy grew at a moderate pace last quarter as a long-awaited surge in resource exports helped offset softness elsewhere, while recent evidence suggests the growth pulse might have quickened since the start of the year.

Signs are that lower interest rates have started to spur consumption with a revival in retail sales, rising household wealth and improving confidence among consumers and businesses.

via Business feed http://www.scmp.com/business/economy/article/1182381/australia-extends-growth-run-21-years