SYDNEY — Growth for Australia’s commodity-rich economy slowed by less than expected in the second quarter but economists are continuing to warn that a scarring recession remains possible if consumer spending crumbles and a full-blown economic crisis emerges in China over coming months.
Gross domestic product grew 0.4% in the second quarter from the first quarter, and by 2.1% from the year-earlier period, the Australian Bureau of Statistics said Wednesday.
Economists…
This article was originally published by Marketwatch.com. Read the original article here.
