Australian GDP is going to embarrass for months
Economists do like to travel in packs, via UBS: How soft could Q1 GDP growth be? Since around mid last year, we’ve been relatively bullish on a 2017 pick-up in Aussie growth to a 3-handle in 2H17 (from ~2¼% y/y now), as the headwinds of falling commodities, mining capex and fiscal drag fade.