Australia's economy expands more than expected

Australia's economy expanded more-than-expected in the first three months of the year allaying fears of a global slowdown hurting its growth.

Growth was 1.3% during the period from the previous three months. Analysts had projected a 0.5% expansion.

Compared with the same period last year, the economy grew by 4.3%.

There have been fears that slowing global demand for commodities and a stagnant domestic market may hurt Australia's growth.

Source & Image : BBC