Wednesday, September 4, 2019

Soft GDP result tipped but 28 year recession record safe for now

The latest economic growth figures out today are likely to put pressure on Australia's ability to maintain its 28 year year recession-free record. 

Economists are tipping GDP growth of 0.5 percent in the June quarter and 1.4 percent over the year. 

However, while exports continue to prop up the economy, there are worrying signs that the consumer is becoming more cautious. 

EY chief economist Jo Masters speaks with ABC's Peter Ryan.

No comments:

Post a Comment

What's your view on this?