Australia's economy expanded more than expected in the fourth quarter ahead of the spread of coronavirus, data from the Australian Bureau of Statistics revealed Wednesday.
Gross domestic product climbed 0.5 percent sequentially after expanding by revised 0.6 percent in the third quarter. Economists had forecast the growth to ease to 0.4 percent.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.