Responses to the Australian GDP data coming in - 'economy slowed sharply' H2 2018

Westpac comments on the data, in brief:

• no major surprises
• economy lost considerable momentum in 2018, slowing from around a 4% annualised pace in the first half of the year to around a 1% pace in the second.
• the second soft quarterly result in a row breaks the choppy quarterly pattern over recent years, confirming the underlying slowdown in demand.

Bolding mine.

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Earlier:

• Australian Treasurer Frydenberg says GDP showing some moderation
• AMP again looking for 2 RBA rate cuts in 2019
• AUD response to the poor GDP result (and why its worse than it appears)
• Australian Q4 GDP 0.2% q/q (vs. expected 0.3%)