A snippet from Bank of America previewing the economic growth data due from Australia on Wednesday, 5 June 2024 at 11.30 am Sydney time (0130 GMT, 2130 US Eastern time):
- BoA expecting 0.1% q/q & 1.1% y/y
- GDP should continue to signal weakness, subdued growth
- the components of growth are mixed
- household sector is expected to have remained weak in Q1
Earlier re Australia:
- Australian weekly consumer sentiment survey remains very weak
- Here's a forecast for two more Reserve Bank of Australia rate hikes still to come
