The Australian economy may have contracted in December for the first time since the depths of the COVID-19 pandemic, economists say, as Treasurer Jim Chalmers warns GDP growth figures due next week are expected to be weak.
“You couldn’t rule out the initial [GDP growth] print being negative,” Westpac chief economist Luci Ellis told The Australian Financial Review.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
