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Your 10-second guide to today's Australian GDP report
Australia’s September quarter GDP report will be released later today. While a lagging economic indicator, revealing what happened in the past, it still has significant implications for unemployment, inflation, investment, household incomes and government tax receipts in the future. After a rollicking first half of the year, growth is tipped to have moderated in the three months to September, partially reflecting an expectation that household consumption, the largest part of the economy, is unlikely to repeat the surge seen in the June quarter. We already know that retail sales were soft last quarter, but we ... (full story)
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grist for the mill