“Strong above-trend growth” expected: Westpac

26 May 2021

 

Summary:  Leading index declines in April; “strong above-trend” GDP growth expected; reading implies annual GDP growth to rise to around 5.5% during second, third quarter; year to December 2021 GDP growth expected to be around 4.5%.   Westpac and the Melbourne Institute describe their Leading Index as a composite measure which attempts to estimate the likely pace of Australian economic growth over the next three to six months. After reaching...

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