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Tuesday, December 5, 2017

Australia's Growth Misses Estimates -- Bloomberg -- December 5, 2017

Electricity in Australia on very hot days at peak energy use times can cost upwards of $14,00/MWh. And then journalists have trouble explaining why Australia's households are spending less.
Australia’s economy grew slower than forecast as household spending rose at the weakest pace since the 2008 financial crisis, reinforcing the likelihood of the central bank keeping interest rates on hold for longer.

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