A day after the Reserve Bank sounded so upbeat, new economic figures released on Wednesday delivered the news no one wanted.
Consumers have wound back their spending to GFC levels and the economy grew at a weaker-than-expected pace in the third quarter of this year.
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Philip Baker writes on markets specialising in bonds, equity markets and currencies. Based in our Sydney newsroom, Phil is a markets columnist. Connect with Philip on Twitter. Email Philip at pbaker@fairfaxmedia.com.au
