Australia’s economy has seen a 4th consecutive quarter of growth following last year’s COVID lockdowns. Our gross domestic product (GDP, aka all activity across the economy) grew by 0.6% between July-September and 5.9% between September 2021-September 2022. But the latest figures from the Bureau of Stats missed economists’ expectations and are slower than the 0.9% growth of the April-June quarter. The result was driven by a 1.1% rise in household spending and 1.4% drop in household savings as Aussies flashed their cash on things like eating out, travel, and new car purchases. Treasurer Jim Chalmers says the data showed the economy is “performing solidly” despite the challenges it’s facing now and into the future. But some economists say it’s unlikely to last as cost of living pressures continue to bite. FYI the Reserve Bank is forecasting GDP to hit 1.5% next year, which is a long way from 5.9%…