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First Impressions: Australian Q3 GDP - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Impressions: Australian Q3 GDP - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Andrew Hanlan at Westpac: The Australian economy contracted in the September quarter, with a sharper fall than anticipated.Q3 GDP was -0.5%, after a +0.6%. Annual growth slowed to 1.8% from 3.1%…. 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The latest ABS report showed unemployment dropped to 3.7% in February, while the trend remained at 3.8%. 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Australian consumers have already worked this out, with sentiment plunging to record lows. The bellwether of the Australian economy is housing. Prices are tumbling, with annual growth now close to zero.\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australia: Consumer Sentiment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-12-09-aus-sentiment.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":15157,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/18\/imf-predicts-australian-gdp-rise-but-iron-ore-drops\/","url_meta":{"origin":14621,"position":3},"title":"IMF predicts Australian GDP rise but iron ore drops","author":"ColinTwiggs","date":"April 18, 2017","format":false,"excerpt":"From Latika Bourke at Sydney Morning Herald: Australian economy to boom as unemployment drops, IMF ...The IMF predicts Australia's economy will grow by 3.1 per cent in 2017 and 3 per cent in 2018. This is better than the most recent forecast by the Australian Treasury and released by the\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54477,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/06\/14\/54477\/","url_meta":{"origin":14621,"position":4},"title":"Australian households feel the pain","author":"Colin Twiggs","date":"June 14, 2024","format":false,"excerpt":"Australian unemployment increased to 4.0% in May but that's not the full picture. Unemployment declined to 4.0% from 4.1% in April, but the trend increased to 4.0% from 3.9%. Increases remain low compared to pre-pandemic rates of unemployment. Underemployment and trend both remained steady at 6.7%. Again, rates are lower\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Unemployment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-13-aus-u3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-13-aus-u3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-13-aus-u3.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":27214,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/08\/06\/australian-economy-gold-medal-or-wooden-spoon\/","url_meta":{"origin":14621,"position":5},"title":"Australian economy: Gold medal or wooden spoon?","author":"Colin Twiggs","date":"August 6, 2021","format":false,"excerpt":"A quick health check from the RBA chart pack: Our trade balance is in robust good health. Boosted by record high iron ore prices. Sadly, this is nearing an end. On the domestic front, we have a decent chance of a bronze medal placing for the biggest housing bubble. 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