($MACRO) The Australian economy grew 1.2% in the April-June quarter, the Australian Bureau of Statistics reported Wednesday. The second-quarter gross domestic product growth followed a 0.9% decline in the first quarter of the year. Growth was driven by inventory changes and consumption, the ABS reported. Economists had been expecting a 1.0% rise in GDP for the second quarter, according to the median forecast from a Dow Jones Newswires survey. Compared to the same period a year ago, GDP rose 1.4%. -MarketWatch