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Economy

Australia's 25-year run without a recession ties record

Resource industries battered by weather, but service sector picks up slack

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Residential construction is booming in Australia's major cities amid an influx of Chinese investors.   © Reuters

SYDNEY -- The Australian economy grew a seasonally adjusted 0.3% in the January-March period, the Australian Bureau of Statistics announced Wednesday, marking 103 quarters, or 25 years and nine months, without a recession.

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