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Australia Booming internet hits $80bn
AUSTRALIA'S fast-growing internet industry now contributes almost as much to the nation's economy as the embattled retail sector, and its value is already as big as that of the nation's iron ore exports. According to a report to be released today by Deloitte Access Economics, commissioned by search engine giant Google Australia, the internet economy was worth about $50 billion in 2010, 3.6 per cent of gross domestic product, and was forecast to rise to $70 billion over the next five years. Billed as the first attempt to measure and track the full contribution of Australia's digital economy, Deloitte's report ... (full story)