Q2 GDP: a bit better than it looked
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
Tag: GDP
Q2 GDP: Better than it’ll look
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 tracking update: ~40bps sub RBA
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.
Peak Housing (construction) and Q2 GDP
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).
GD-what?
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
FED can still sep-taper
Last night’s price action spoke to the virtues of sleeping deeply and turning off your phone. First, better than expected
A domestic recession? (GDP in 5 charts)
Yesterday’s Q1 GDP report showed some worrying signs for the domestic economy: in particular, it showed that the domestic economy
GDP was what?
The RBA has an interesting article on GDP revisions in their most recent bulletin. This follows up on an awesome
ricardian ambivalence 