Australian Economy

Government spending, net exports, rescue Q4 GDP

Leith van Onselen
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The Australian Bureau of Statistics (ABS) has released balance of payments and government spending data, which feeds into Wednesday’s Q4 national accounts release.

Both were positive for GDP, with the public sector adding just under 0.6ppts, mainly via inventories:

Public sector contribution to GDP

Source: Alex Joiner (IFM Investors)

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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