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.

Australian Industry Group CEO Innes Willox says the new GDP growth numbers are “disheartening”. The latest national accounts data for the September quarter reveals a 0.3 per cent GDP growth, according to the Australian Bureau of Statistics.