Below trend growth to continue
A huge week for data and events.
A huge week for data and events, with the RBA and Q3 GDP the Australian highlights, and the Chinese PMI on Tuesday, the ECB meeting on Thursday and non-farm payrolls on Friday the pick of the international events. Each of these events is likely to highlight important cyclical divergences between major economic blocs and monetary policies and the continuation of major sectoral divergences within Australia. These divergences are producing differing implications for policy, exchange rates and relative interest rate cycles. We also preview Australia Q3 GDP in our special focus for the week.
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