Find below Westpac’s take on next week’s June quarter GDP figure. At 0.8% it looks reasonable to me, though let me reiterate that guessing GDP is a fool’s errand. Still, the components look right.
It’s the following two quarters that are the ones to watch as consumption pulls back as carbon rebates unwind and net exports plunge.
Er 20120831 Bull Gdp Preview q 2
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