welcome
CNBC

CNBC

World

World

Australia third-quarter GDP grows at 0.3%, missing expectations

CNBC
Summary
Nutrition label

88% Informative

Australia 's economy grew at slower than expected in the third quarter .

The real gross domestic product rose 0.3% in the three months through September .

The country's economy has been on a slowing trend for the past two years .

The Reserve Bank of Australia has kept its benchmark interest rates at a 13-year high of 4.35% .