Q2 GDP was +0.7%qoq and 9.6%yoy, to be pretty much bang-on the RBA’s forecast of 9.5%yoy. I said this morning
Q2’21 GDP is going to be weak: say +0.25%qoq. More likely 0%qoq than 0.5%qoq. My tracking estimate of the GDP-expenditure
Q2 GDP is tracking 40bps below the RBA’s August SOMP forecast. Weekly payrolls suggest job losses in NSW are similar to the first COVID lockdowns.
The weak Q2 CWD release confirms my hunch that housing won’t drive growth any longer. It also shaved about 30bps from my tracking of the RBA’s GDP forecast (now +0.4%qoq).
The 0.8%q/q GDP print looked pretty good at the headline level, and the 2.75%y/y (v. RBA at 2.5%y/y) looked even
Last night’s price action spoke to the virtues of sleeping deeply and turning off your phone. First, better than expected
Yesterday’s Q1 GDP report showed some worrying signs for the domestic economy: in particular, it showed that the domestic economy
The RBA has an interesting article on GDP revisions in their most recent bulletin. This follows up on an awesome