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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

27 May 2017 (AFR) – Economy hit by spending strike, cyclone

(27 May 2017, AFR, p1, by: Simon Evans, Carrie LaFrenz, Jacob Greber, Myriam Robin)

‘Australia’s economy looks to have experienced its weakest start to a year since 2011 – narrowly skirting a contraction – as a growing consumer spending strike and a cyclone-driven slowdown in exports weighs on activity just as the government bets its budget strategy on a rebound. While the country is not at risk just yet of a technical recession – or two quarters of consecutive declines in gross domestic product – the economy looks set to continue in 2017 its whip-saw pattern of the past year.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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