Australia: Q4 GDP seen at 0% with “some risk it could be negative” – AMP’s Oliver

Dhwani Mehta FXStreet

Dr. Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital – Australia’s largest life insurer and huge fund manager, offers his expectations of the Australian Q4 GDP report due on the cards this Wednesday at 0030 GMT.

Key quotes:

“Weaker than expected December quarter public demand & net exports have caused us to revise our forecast for Dec quarter GDP to flat …. Some risk it could be negative.

December quarter current account deficit fell back to 0.2% GDP on the back of lower export prices.

Fall back was expected.”

When is the RBA Interest Rate Decision and how could it affect AUD/USD?

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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