Australia - local press with warnings of a negative GDP print this week

Some analyst comments reported in the Australian media ahead of Wednesday's Q2 GDP data release.

JP Morgan economist Ben Jarman

• a "very real possibility of a negative quarter"
• which "makes it harder to sell the idea that recent stimulus will prove sufficient"

KPMG chief economist Brendan Rynne

• said in those circumstances, conventional monetary policy would not be enough and "helicopter money" could be needed to get the public spending
• We have not yet reached that position. But it is already abundantly clear that monetary policy won't do all - or even most - of the heavy lifting to stimulate the economy"

More here at the link, including elaboration on comments yesterday from Oz PM Morrison:

• Australian PM Morrison says he expects Q2 GDP to be 'soft'

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ps. RBA is today:

• RBA seen cutting rates again ... "but not quite yet". And AUD forecast.
• What are markets pricing in ahead of the RBA?
• AUD - RBA meet Tuesday 3 September 2019 on monetary policy - preview