Business

Australia's Patchy Economic Recovery

Economic doldrums down under. The jobless rate at a painful 12-year high, commodity prices continue to tumble, and interest rates already at a record low of 2.5 percent. But data out today shows a few surprise bright sparks. A business conditions survey rose to its highest level in four years as firms showed a strong pickup in sales and profits. The contrasting data pile is causing concern about a lopsided economic recovery.

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