Australian GDP shocker intensifies

Tuesday 5 March 2019

Via Damien Boey at Credit Suisse:

We now have all the partials (over 70% of the data) we can get to “now-cast” 4Q real GDP. And the results are not good. Consumption has flat-lined, while residential investment and net exports have detracted from growth, with insufficient offset from public sector spending and inventory build.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.