Business Brief: Market braces for soft reading on economic growth | Sky News Australia

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.CommSec's Tom Piotrowski says the market is 'bracing for a soft reading' on economic growth over the course of the December quarter with ABSStats set to release the national accounts on Wednesday.

Commsec's Tom Piotrowski says the market is 'bracing for a soft reading' on economic growth over the course of the December quarter with Australian Bureau of Statistics set to release the national accounts on Wednesday.

Mr Piotrowski says there is a consensus that the economy will have expanded by 0.3 per cent, to come in at an annualised rate of 2.6 per cent, standing below the RBA's forecasts of full-year growth. Speaking with Sky News, Mr Piotrowski says the results are expected to spark discussion about whether or not the RBA is being 'too ambitious' with its full-year forecasts.

 

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