ANZ goes there: Aussie GDP to turn negative on virus
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ANZ now expects GDP to decline 0.1% q/q in Q1, with the impact from the coronavirus taking 0.5ppt off growth #ausecon
— Felicity Emmett (@felicity_emmett) February 4, 2020
It was only 0.2% a few days ago. Next week 0.7?
They still expect a swift resolution and little damage to annual GDP. A propostion for which there is little evidence today.
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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.
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