NAB specialists and clients from across the bank’s Fund Sponsors, Strategic Investors and Alternative Assets (FSA) business gathered over lunch recently to share career stories and advice on promoting greater diversity and inclusion.
May 31, 2024
Australian GDP Preview Q1 2024
Following a slow end to 2023, a slow start to 2024
Overview
- NAB sees a +0.0% q/q (1.0% y/y) GDP print for Q1 2024
- Another quarter of very soft growth, with consumption and business investment broadly flat, dwelling investment slightly lower and volatile outcomes for inventories and trade.
- Confirmation of ongoing weakness in growth is likely to see the RBA remain on hold, despite a still strong CPI read in April.
- We expect soft growth to persist in Q2, before easing pressures on household income support growth in H2 – though just how much remains uncertain and will be key.
For further details please see the Australian GDP Preview (Q1 2024)
