Australia net export to subtract 1.7 points from Q1 GDP
By Sophia Rodrigues
Published On 31 May 2022 , 11:44 AMNet 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%.