Westpac Economics' Weekly Video Update
Elliot Clarke
Westpac
This week was all about Q2 GDP for Australia. The headline result disappointed at 0.2%, 2.0%yr. Domestic demand was weak in annual terms at 1.2%yr; and private demand even weaker still at 0.9%yr. Some positives remain apparent in services export growth and residential construction; but the twin effects of the end of the mining investment boom and the substantial decline in Australia's terms of trade are having a material impact on the Australian economy. Next week consumer sentiment and the labour market will be front and centre; before then, the all important August nonfarm payrolls result is due out tonight.
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An Economist based in Sydney Australia with a particular interest in macro-financial analysis of the Australian and global economy. Having spent a number of years with the Reserve Bank of Australia and Westpac Economics, monetary policy, the management of financial institutions and linkages between the finance sector and the real economy are key areas of focus.
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Elliot Clarke
Senior Economist
Westpac
An Economist based in Sydney Australia with a particular interest in macro-financial analysis of the Australian and global economy. Having spent a number of years with the Reserve Bank of Australia and Westpac Economics, monetary policy, the...
Expertise
No areas of expertise
Elliot Clarke
Senior Economist
Westpac
An Economist based in Sydney Australia with a particular interest in macro-financial analysis of the Australian and global economy. Having spent a number of years with the Reserve Bank of Australia and Westpac Economics, monetary policy, the...
Expertise
No areas of expertise
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