Economic growth expected to slow on reduced confidence, exports

By Anita Savage

However, Mr Bloxham says a lift in consumer sentiment and business confidence is likely to see gross domestic product (GDP) pick up in the months ahead.

Bureau of Statistics current account figures released yesterday revealed that a 25 per cent fall in net exports would subtract 0. 9 percentage points from economic growth in the June quarter.

While a 3 per cent growth rate is only just under average levels, HSBC‘s chief economist Paul Bloxham says it is down significantly from the previous quarter.

Read more here: ABC


You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>