Shock Q3 GDP result

08 December 2016

 

After three consecutive quarters of 3% plus GDP figures, Australia’s economy has gone into reverse. The economy shrank by -0.5% over the September quarter, a figure which was much lower than the median forecast of 0.2%. On a year-on-year basis, GDP growth was 1.8% which was also much lower than the 2.5% median forecast. In previous quarters the public sector at the state and local government levels had added significantly...

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