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Australias economy expanded at a faster-than-expected 1.1 percent annual pace in the final three months of last year, as resurgent coal and iron ore prices helped the country avoid recession according to Australian Bureau of Statistics figures released on Wednesday. less FILE - In this Tuesday, Aug. 6, 2013, file photo, people walk past the Reserve Bank of Australia in Sydney, Australia. Australias economy expanded at a faster-than-expected 1.1 percent annual pace in the ... more Photo: Rob Griffith, AP Australia avoids recession with growth in December quarter 1/1 Back to Gallery CANBERRA, Australia (AP) Australia's economy expanded at a faster-than-expected 1.1 percent annual pace in the final three months of last year, as resurgent coal and iron ore prices helped the country avoid recession. Had the economy shrunk for the December quarter in Australian Bureau of Statistics figures released on Wednesday, Australia would be in its first technical recession since 1991. The growth followed a shock 0.5 percent decline for the September quarter. Growth for the calendar year was 2.4 percent, up from 1.8 percent for the year through September. Mining and agriculture saw relatively strong growth in the latest quarter.