Business

IMF downgrades Australian GDP estimate

THE International Monetary Fund has downgraded Australia's growth forecast for 2012 to 3 per cent, but has projected an increase to 3.5 per cent by 2013.

Releasing its April update to the World Economic Outlook on Wednesday, the IMF downgraded its estimates for Australia's gross domestic production (GDP) 0.2 per cent from earlier outlooks.

But the outlook for Australia's economy still looks good against the United States and Europe.

The outlook said the US was looking at growth of 2.1 per cent of GDP for 2012 and 2.4 per cent for 2013, while Europe continues its sad performance with projections at -0.3 per cent for 2012 and 0.9 per cent of GDP growth for 2013.



Order to cease all logging in Limpinwood

A group of protesters outside of Tweed Shire Council in Tweed are concerned about the impact logging in Limpinwood is having on koalas.

Council will discuss the matter further at this week's meeting.

Surfscene: Next generation powering through

Jaggar Bartholomew won the opening round of the under-18 Queensland State Juniors at D'bah.

"I'm off to the World Titles, so this was a great warm up”

How SEQ commuters are costing their employers millions

The Pacific Motorway and Bruce Highway are the scene of frequent accidents that further impact productivity.

An average of 41,000 workers commute to and from the city for work.

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