We've had a run of decent numbers recently: employment and wage growth doing okay, and the current account surplus improved last quarter. But the Q3 GDP numbers don't look good at all. It's not that the quarterly growth rate itself - 1.7%, a bit shy of the 2% forecasters had been expecting - was so bad. The problem is the trend: monthly GDP growth for September went negative. Not the kind of momentum you want going into Q4.
A weakening US economy, falling oil prices, and now this. Yikes.