While the Australian economy may have shot out of blocks at the start of the year, there are good reasons to think that it will soon run out of puff. Indeed, April’s data suggest that the boosts to activity from the fall in oil prices and the surge in exports of iron ore are already fading. The 0.9% q/q rise in GDP in the first quarter therefore just papers over the cracks that will soon become more obvious.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services