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| Version 0 | Version 1 |
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| Australia goes 25 years without recession | Australia goes 25 years without recession |
| (about 5 hours later) | |
| Australia's economy has jumped sharply in the last quarter of 2016, allowing the resource-rich economy to extend its 25-year streak without recession. | |
| It brings the country close to breaking the Netherlands' record of modern-era uninterrupted economic growth. | It brings the country close to breaking the Netherlands' record of modern-era uninterrupted economic growth. |
| Australia's economy had contracted in the third quarter but the surprise rebound pulled annual figures back to a 2.4% growth rate. | Australia's economy had contracted in the third quarter but the surprise rebound pulled annual figures back to a 2.4% growth rate. |
| The recovery was attributed largely to strong exports and consumer spending. | The recovery was attributed largely to strong exports and consumer spending. |
| Australia has not seen a recession - defined as two consecutive quarters of negative growth - since June 1991. | |
| It is now just one quarter short of the Dutch record set between 1982 and 2008. | It is now just one quarter short of the Dutch record set between 1982 and 2008. |
| "The outlook for the next year is reasonably bright," Shane Oliver of AMP Capital told the BBC. "We are seeing a pickup in export volumes and we have seen a big rebound in key commodity prices." | "The outlook for the next year is reasonably bright," Shane Oliver of AMP Capital told the BBC. "We are seeing a pickup in export volumes and we have seen a big rebound in key commodity prices." |
| Mr Oliver added: "Growth should probably get back to 2.5%, maybe 3% over the course of this year." | Mr Oliver added: "Growth should probably get back to 2.5%, maybe 3% over the course of this year." |
| Estimates by the country's central bank see growth picking up to around 3% for 2017 thanks to the recovering commodity prices. | Estimates by the country's central bank see growth picking up to around 3% for 2017 thanks to the recovering commodity prices. |