While the gross domestic product (GDP) data released today is showing some moderation, the economy is still fundamentally in a good shape, Australia’s Treasurer Frydenberg has reportedly said.
- Aussie GDP comes in as a miss of 0.2% Y/Y and a miss of 0.1% Q/Q (Aussie lower)
Key quotes
Lower mining investment and draught dragged down GDP.
Australia’s government to deliver a budget surplus in April.