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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.