Australia’s GDP rose just 0.6% in Q3, beneath both the prior print of 0.9% and below the 0.7% expected. On one hand it is the fourth consecutive quarter of positive growth, on the other it is the weakest over the past year. Annual GDP rose 5.9% but below the 6.2% forecast, and it is the quarterly we pay closer attention to as it is a faster rate of change. According to the RBA’s forecasts, GDP is expected to continue trending lower through to 2024 having recently revised them lower. And today’s figures back up that view, give or take a few percentage points - as do several recent data points for the Australian ... (full story)