For those Australians out there awaiting the GDP result on Wednesday, the Prime Minister doing some management of your expectations.

  • "I suspect the June quarter results will be soft".

At a press conference he is giving in Sydney.

Given the 'partials' we have seen so far, and in particular the ugly result for inventory we just had (here), this is a rare occasion where a politician has moved his lips without a porky pie slipping out.

For those Australians out there awaiting the GDP result on Wednesday, the Prime Minister doing some management of your expectations.