Gross Domestic Product. Australia, 02:30 (GMT+2)

Gross Domestic Product. Australia, 02:30 (GMT+2)

The data on the Australian Gross Domestic Product for Q3 2021 are due at 02:30 (GMT+2). It is the main indicator that reflects the state of the national economy and takes into account domestic consumption, investment, government spending and exports. On a quarterly basis, the Australian economy is expected to decline from 0.7% to –2.7%, and on an annualized basis it may fall from 9.6% to 3.0%. The implementation of the forecast can put pressure on the national currency.

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