Australia net export to subtract 1.7 points from Q1 GDP
By Sophia RodriguesPublished On 31 May 2022 , 11:44 AM
Net export will detract 1.7 percentage points from Australia's March quarter GDP, data published by Australian Bureau of Statistics showed.
This is slightly worse than forecast by most economists, but in line with ANZ's forecast.
Among the big four banks, ANZ's forecast is for 0.6% q/q growth, NAB is at 0.1%, CBA at 0.5% and Westpac at 0.2%.
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Net export will detract 1.7 percentage points from Australia's March quarter GDP, data published by Australian Bu...Published on : 31 May 2022 , 11:44 AM