Large rebound from COVID impacted Q2.
Q2 GDP fell by a massive 7% (-6.3% y/y), confirming the large hit to economic activity as a result of the shutdown to limit the COVID-19 pandemic.
GDP is expected to decline by 5.8% (-5.1% y/y) in Q2 – the largest quarterly fall on record.
GDP declines on early COVID-19 impacts.
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The calm before the storm.
A moderate outcome pre COVID-19.
A weak result ahead of the Coronavirus outbreak.
Consumer growth slows further.
Private sector stalls.
Household weakness persists.
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