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Australian mining construction to peak in 2013: Deloitte
Australia’s mining construction boom is expected to peak in late 2013 and government spending cuts are making it harder to find a new driver of economic growth, economics advisory group Deloitte Access Economics says. Deloitte says in its December 2012 quarter Business Outlook the mega-mining construction projects which accounted for much of Australia’s production growth in recent years will likely peak in late 2013. ‘‘The strongest contributor to Australian growth will peak, so the rest of the economy needs to fill a potential pothole,’’ Deloitte said. ‘‘But federal and state government cuts have ... (full story)