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Nomura sees Australia Q1 GDP growth grinding to a halt amid omicron risks

  • The firm cuts its forecast for Australia Q1 GDP to 0% from 1.4% before
Justin Low
07/01/2022 | 06:16 GMT

Adding to that, they also slashed their forecast for Australia GDP growth this year to 3.0% from 3.7% previously. In case you missed some of the headlines from earlier:

  • Australia's most populous state set to reintroduce coronavirus restrictions
  • Consumer spending in Australia's two largest cities is down at lockdown levels

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