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'Modest' Economic Growth For Australia

The Conference Board, a New York-based business research group, is saying "modest" economic growth is likely to continue in Australia during the next few months.

That forecast is based on the recent trendline of its index of leading economic indicators for Australia. The index rose three-tenths of a percentage point in April, the fifth increase in the past six months. The index now stands at 161.6 (1990=100).

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