Although the 0.2% m/m contraction in GDP in February was worse than expected, the preliminary estimate of a partial rebound in March should soothe fears that the economy is rapidly falling into recession. We expect GDP growth to slow sharply rather than turn negative this quarter despite the imposition of US tariffs.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.