That's the big question ahead of the release on Thursday, June 20 of the Gross Domestic Product (GDP) figures for the March quarter. After hitting 7.3% in mid 2022 the annual inflation rate was down to 4.0% as of the March quarter. And we are definitely now getting to the point where quarterly GDP figures with minus signs in front of them are starting to drag the morale of the country down. And the worst thing about all this is our recent 'headline' GDP figures don't even really tell the 'real' story. However, monthly data has continued to look weak and the March 2024 quarter figures were 2.4% down on those for the same quarter in 2023.

Source: Stuff June 15, 2024 22:53 UTC