Growth, inflation and labour market all easing
March quarter GDP growth was only 0.8% qoq annualised. However, at this stage it looks like GDP growth has strengthened in the June quarter.
Through the weakness in March quarter GDP, one of the reassuring trends was the strength in jobs growth. However, even as June quarter GDP is showing signs of accelerating, confidence in the labour market outlook has plunged following the May employment report.
For further details please see the attached document
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