Summary: Australia’s GDP grew 0.4% in the third quarter, slower than the predicted 0.7%, leading to a decrease in government bond yields and a rise in stocks. While household spending increased, the shift away from discretionary spending and the lack of a rotation away from the public sector raise concerns about the economy’s underlying strength and potential for inflation. The Reserve Bank of Australia is expected to keep rates unchanged at 3.6% in its final policy decision of the year.

Link: https://www.theedgesingapore.com/news/global-economy/australia-economic-growth-disappoints-easing-rate-hike-bets