April to June economic contraction data for Australia is here ICYMI:
- The key surprises in the Australian Q2 GDP
- AUD on its session low after worse than expected contraction in Q2 GDP
- Australia Q2 2020 GDP -7.0% q/q (vs. expected -6.0%)
Frydenberg speaking now, stay tuned for any pertinent comments.
- Says the current lockdown in the state of Victoria will weigh heavily on third quarter economic growth
Yes it will. Melbourne is Australia's 2nd largest population city and has been under a lockdown that includes a night time curfew and harsh restrictions on business for over a month. And its still not over.
