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National accounts: 2019 closes with weak growth before bushfire and coronavirus economic shocks

  Published: 04 Mar 2020

The December 2019 National Accounts released today saw gross domestic product expand by 0.5% through the quarter, above economists' expectations of 0.4 per cent, but slipping from the previous three months upwardly revised 0.6 per cent pace. 

However, unfortunately the RBA’s anticipated ‘gentle turnaround’ in activity appears to have been disrupted by subsequent supply side shocks – the summer bushfires and coronavirus which will show up in the National Accounts next quarter (March 2020).

ISA's economic team have prepared this report:

*The above material, whilst correct at the time of publication may include references or statements which are no longer current.

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