The Australian economy is expected to grow at a below trend pace this year, dragged down by falling commodity prices.
The latest Westpac/Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months into the future, fell by 0.12 points in December.
"Official figures show GDP growth recorded a lacklustre 2.5 per cent pace in the first nine months of 2014. Based on the Leading Index, the Australian economy looks set to continue recording below trend growth well into 2015," Westpac senior Economist Matthew Hassan said.
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