Economy slower in September quarter

Westpac Bank says there are more signs the economy slowed down in the September quarter.

Senior Economist Michael Gordon says weaker than expected retail sales figures is more confirmation the economy has slowed.

He says we can probably write off the third quarter because it's clear GDP growth will be weak and quite possibly negative.

" I think we're back into fairly grumpy growth again.

"It is still growth, with the exception of the September quarter which did look pretty ugly, but it's something that is going to feel pretty subdued compared to past cycles."


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