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Business Bites: Slow growth for Australia's economy

The Australian economy grew at half the pace experts had predicted in the fourth quarter of 2011, rising by just 0.4%

Economists say that while the mining sector continued to do well, investment in homes and house buying fell.

But the overall annual growth rate rose to 2.3%, which is among the highest in the advanced economies of the world.

Meanwhile sportswear firm Adidas has unveiled an 18% rise in net profits in 2011 to 671m euros ($881m; £559m) - its best-ever annual profits.

The BBC's Maryam Moshiri discusses the key financial stories of the day.

  • 07 Mar 2012
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