GDP: Second Estimate & Expenditure Breakdown (Q4)

The second estimate of Q4 GDP revealed that the economy grew by a downwardly revised 0.4% q/q in the final quarter of 2017, with annual growth revised down from 1.8% to 1.7%. Encouragingly, however, investment growth has remained strong. And with inflation starting to ease off and global economic growth robust, we suspect both household spending and net trade will provide greater support ahead.

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