AMP Capital, chief economist and head of investment strategy, Shane Oliver, has flagged the risk of a recession in Australia. He said in a tweet: weaker than expected December quarter public demand and net exports have caused us to revise our forecast for December quarter GDP to flat (from 0.3 percent, quarter on quarter). "Dec quarter current account deficit fell back to 0.2 percent. GDP on the back of lower export prices..a fall back was to be expected. ''-The Standard

Source: The Standard March 03, 2020 05:26 UTC