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Business

Poppy Johnston

Australia's economy grows 0.5 per cent in Dec quarter

Economic Growth Reserve Bank Economy Inflation

Economic growth expanded by 0.5 per cent in the December quarter, which was below consensus. (Stefan Postles/AAP PHOTOS) (AAP)

The Australian economy has grown by less than expected, but remains relatively resilient despite the central bank's aggressive round of interest rate hikes.

The December quarter national accounts released on Wednesday showed an expansion of 0.5 per cent, following a 0.6 per cent lift in the three months to September.

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