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Australian GDP Q1: Shaky handover?

Growth expected to slow in Q1 2025

Read full report 'Australian GDP Q1 preview: Shaky handover?'


Domestic demand is expected to have slowed, lifting only 0.3%qtr in Q1. As growth in new public demand moderates, private demand remains patchy and at this stage, unable to pick up the slack left by the public sector. 

The impacts of the natural disasters which occurred in the quarter were partially offset by a bring forward of external demand. This suggests the Accounts will provide a reasonable gauge on the underlying growth impulse. 

As lower interest rates add to the support already coming from cost-of-living measures, tax cuts and moderating inflation, private demand is expected to gradually improve. However, as the run of recent data shows, there are significant downside risks which the evolving global backdrop is only amplifying.


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