Q2 GDP surprise (and not a good one)

02 September 2015

 

Australian GDP figures for the second quarter came in well under expectations, only growing by 0.2% or 2.0% year on year. The result was half the market expectation of 0.4% for the quarter. In the first quarter growth was 0.9% with annual growth at 2.5%. A sharp drop in export income resulting from lower prices and volumes for commodities and weaker business (especially mining) investment was blamed. The poor GDP...

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