Australia on Monday cut its growth and budget surplus forecasts as worsening global conditions hurt revenues in the mining-driven economy. Treasurer Wayne Swan (picturedin August) said real GDP was forecast to grow at around 3.0 percent in the 2012-13 and 2013-14 financial years -- a downgrade of 0.25 of a percentage point for fiscal 2012-13 since budget figures were released in May
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