Goldman Sachs slashes its Australian Q3 GDP forecast nearly in half - citing Sydney coronavirus lockdown

GS has cut its forecast for Australian economic growth in the third quarter to 0.6%

• From 1.0% previously

GS citing the COVID-19 outbreak in Australia's largest city, and economic powerhouse, Sydney and the current lockdown.

Earlier posts today on Sydney's woes, and more:

• Australia's largest city of Sydney to get another 4 to 6 weeks in lockdown
• Australia coronavirus - quarantine order for a building in Melbourne
• Australian bond market reaction to the accelerating Sydney COVID-19 outbreak indicates lower for longer