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Australia’s Frydenberg: GDP exhibiting some moderation

Whereas the gross home product (GDP) knowledge launched at this time is exhibiting some moderation, the financial system continues to be essentially in a fine condition, Australia’s Treasurer Frydenberg has reportedly stated. 

  • Aussie GDP is available in as a miss of 0.2% Y/Y and a miss of 0.1% Q/Q (Aussie decrease)

Key quotes

Decrease mining funding and draught dragged down GDP. 

Australia’s authorities to ship a finances surplus in April.