A snippet from Bank of America previewing the economic growth data due from Australia on Wednesday, 5 June 2024 at 11.30 am Sydney time (0130 GMT, 2130 US Eastern time):

  • BoA expecting 0.1% q/q & 1.1% y/y
  • GDP should continue to signal weakness, subdued growth
  • the components of growth are mixed
  • household sector is expected to have remained weak in Q1

Earlier re Australia:

Let the Fed move first