Australia Q1 GDP report due Wednesday, expected to remain very weak ...Middle East

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Australia Q1 GDP report due Wednesday, expected to remain very weak
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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/yGDP should continue to signal weakness, subdued growththe components of growth are mixedhousehold sector is expected to have remained weak in Q1Earlier re Australia:Australian weekly consumer sentiment survey remains very weakHere's a forecast for two more Reserve Bank of Australia rate hikes still to come This article was written by Eamonn Sheridan at www.forexlive.com.

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