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AAP
AAP
Politics
Poppy Johnston

Economy yet to turn a corner as higher rates bite

The latest national accounts figures are expected to show continued weakness in Australia's economy. (Bianca De Marchi/AAP PHOTOS)

A long stretch of elevated interest rates has likely produced another tepid three months of growth, experts predict ahead of the quarterly economic check up.

A slower economy is by design, with the Reserve Bank of Australia trying to weigh on inflation by encouraging more saving and less spending, lowering demand for goods and services and therefore making them cheaper.

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