# Australia's Q3 GDP growth disappoints, markets now see April start to rate cuts | Reuters

> Australia's third-quarter GDP grew at its slowest annual pace since the pandemic, with government spending doing most of the work. The Australian dollar slid 0.7% to $0.6442 and markets moved to nearly fully price a rate cut in April.

- Date: 2024-12-04 · published 2024-12-04T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/27216-australia-s-q3-gdp-growth-disappoints-markets-now-see-april-start-to-rate-cuts
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weaker domestic growth and expected rate cuts push the Aussie lower, which tends to support Australian export competitiveness for grains and meal. The data does not directly change crop supply.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/australia-economy-grows-03-q3-misses-forecasts-2024-12-04/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.