Australia's economy in the third quarter grew at the slowest annual pace since the pandemic, disappointing hopes for a rebound as government spending did all of the heavy lifting and consumers remained cautious.

Australia's economy grew at the slowest annual pace since the pandemic in the third quarter, disappointing hopes for a rebound as government spending did all of the heavy lifting.

Shadow Finance Minister Jane Hume claims the predicted growth in Australia’s GDP due to government spending is “terrible news” for Australia’s economy.