Growth, inflation and labour market all easing
Partial data for the March quarter are pointing to a noticeable pick-up in GDP growth following only weak growth in the December quarter. We are expecting GDP growth of 2.4% (revised from 2.2%) in 2013 and 2.9% in 2014. While we expect growth to slow modestly in the June quarter, it ....
Economic indicators available for the March quarter are pointing to a noticeable pick-up in GDP growth following only weak growth in the December quarter (recently revised up to 0.4% qoq annualised rate). We are currently expecting March quarter GDP growth of 0.8% qoq (3.3% annualised) reflecting stronger consumption growth and inventory accumulation, a smaller detraction from public demand, as well as continuing growth in business and housing investment.
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