Summary: Leading index growth rate up in February; only slightly below trend; reading implies annual GDP growth of around 2.50%; Westpac still expects “strong above-trend growth in 2022”. Westpac and the Melbourne Institute describe their Leading Index as a composite measure which attempts to estimate the likely pace of Australian economic growth in the short-term. After reaching a peak in early 2018, the index trended lower through 2018 and 2019...