GDP growth set to rise this quarter before fall back

We estimate that first-quarter GDP growth slowed to 1.5% annualised from 1.8% in the fourth quarter of last year. In addition to weaker growth in consumption and business investment in the first quarter, temporary supply disruptions also hindered export growth. These supply disruptions should be reversed in the current quarter, however, lifting GDP growth temporarily back above 2.0% at an annualised pace. 

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