GDP growth is expected to pick up in the December quarter
- An easing in surveyed business activity and soft agricultural production points to slower growth in the September quarter than forecast in thePre-election Update
- Stronger-than-forecast CPI inflation and rising terms of trade to support nominal growth
- Labour market conditions stronger than expected
- GDP growth is expected to pick up in the December quarter
- Outlook for global growth improves
So, in brief, a slowdown in Q3 followed by a pick up in Q4 is what treasury expect
