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OverviewAPI
Australia's economy experienced a slowdown in Q3, with 0.2% quarterly growth and an annual GDP growth of 2.1%. Consumer spending remained flat, leading to a decline in real household disposable income. The Reserve Bank of Australia's monetary tightening aims to tame inflation, and markets anticipate no further rate hikes. The economy's precarious state raises concerns, particularly due to high mortgage repayments and the lowest household savings ratio since 2007.

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