Fed: GDP likely to slip further because of drought: Truss

From: AAP General News (Australia) | Date: October 13, 2002 | Copyright information

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Fed: GDP likely to slip further because of drought: Truss

Agriculture Minister WARREN TRUSS says Australia's economic growth rate may slip further if the drought fails to break soon.

Mr TRUSS says if the dry conditions that have plagued most of Australia continue there's little doubt the nation's growth figures will slump.

The Australian Bureau of Agricultural and Resource Economics has warned GDP will be cut by at least 0.5 per cent this financial year because of the drought.

Mr TRUSS has ...

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