Australian GDP climbed 3.6% in 2012, representing the strongest growth since 2007 and one of the best performances in the developed world as rising exports and resources investment offset a slump in manufacturing and construction. In Q4, GDP slipped to an expected +0.6% on quarter from +0.7% in Q3. Australian shares hit fresh multi-year highs and the S&P/ASX 200 closed +0.8%.
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