Via AMP's Dr. Shane Oliver, a dour outlook for tomorrow's GDP
Can't say I blame him.
- Amp's revised forecast is for a flat GDP in Q4 2018, that is 0.0% change q/q
- For the y/y, 2.2%
AMP were looking for +0.2% q/q before this revision to 0%
Citing:
- net exports to detract -0.2%pts q/q
- Public demand to add +0.4%pts
- other drags have led to the revision lower
And, finally:
- looks like a "per capita" recession