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Australia's third quarter GDP growth disappoints

  • Australia's economy grew by 0.3% in the third quarter, missing the Reuters forecast of 0.4% growth, according to the Australian Bureau of Statistics.
  • On an annualized basis, the economy rose only 0.8%, below the 1.1% estimate by Reuters.
  • Treasurer Jim Chalmers called the GDP growth weak and noted it was the slowest pace since the pandemic.
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