The Morrison government is bracing for a grim economic report card on Wednesday, with the national accounts data set to be released. Mr Westin told Sky News he did not expect the quarter on quarter growth to be greater than 0.4 or 0.5 per cent.
“I don’t expect the GDP number to be a market mover today,” he said. “Whether or not that inspires any increase in expectations for an October rates cut is yet to be seen.” The researcher said he was looking ahead to third quarter numbers because the flow-through effect from tax and rates cuts was unlikely to be felt yet. Image: Getty
Source: News Formal (newsformal.com)
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