11.33am: Australia's economy slowed in the December quarter, vindicating the Reserve Bank's decision to lower interest rates in the final two months of last year.
The economy expanded 0.4 per cent in the quarter, compared with the 1 per cent pace reported earlier for the September quarter. Economists had tipped economic growth of 0.8 per cent for the December quarter.
Australia remains among the fastest-growing economies in the world thanks in large part to rising demand for commodities in Asia.
Read more: http://www.smh.com.au/business/markets/markets-live-stocks-lose-almost-14b-20120307-1uj60.html#ixzz1oO45DkAk
daytrading march 7 morning, page-55
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