Members noted that global economic data released over the past month had been somewhat mixed. Overall, the data suggested that the pace of growth in Australia's major trading partners had eased early this year, although the outlook was still for around trend growth in 2013 as a whole, before picking up in 2014. Growth in the Chinese economy had slowed a little in the March quarter, primarily reflecting weaker consumption growth, but had remained a little above 7½ per cent, which was the authorities' stated target for growth. Strong infrastructure investment and demand for residential property were likely to continue ... (full story)