{video} Australia's Gross Domestic Product (GDP) fell 1.9 per cent in seasonally adjusted terms in the September quarter of 2021, marking the third-biggest quarterly fall since records began in 1959. Despite the plunge, the fall is largely better than market expectations and covers the period where much of Australia was locked down as part of Delta-strain COVID-19 restrictions. The largest ever recorded fall came in the June quarter of 2020, when GDP fell by 6.8 per cent. {chart} The second-biggest plunge was in the June quarter of 1974 when the nation's economy fell by 2.0 per cent. On an annual basis, Australia's ... (full story)