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