Gavin Friend

speaker

7,937 appearances 60 recordings 1 series first heard Sep 2024 last heard 2 Sep

Gavin Friend’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 29 in all, peaking in Oct 2025 with 5.

Appearances

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NAB Morning Call · Warsh’s Dilemma · 3 Jun 2026 podcast

Um and you know a lot of that was spending on essentials, electricity, gas, fuels, foot food, you know, up 0.8%, whereas um uh sort of discretionary stuff was uh was was up a meager 0.1%. voice-verified

I mentioned, you know, investment uh spend, the boost in data centers, um, and you know, uh on the other hand, I mean that that that supports investment, but on the other hand, voice-verified

And um a lot of that was, you know, via imports. voice-verified

And so that import surge up two point one percent on the quarter helped bring down the net uh export uh uh contribution to GDP and it sort of sucks out nort point eight percentage points. voice-verified

I mean, I guess going forward. voice-verified

You know, there's a few more things there that there's a few things that I guess won't be repeated. voice-verified

Uh we know the RBA wants to see domestic demand growth moderate in order to get inflation back down to target, and it did. voice-verified

But as my colleagues Taylor, Jesse and Michael voice-verified

uh wrote in their in their GDP write up. voice-verified

The data is dated, most of it coming before the Iran conflict and the pipeline inflationary pressures mean that inflation risks are still elevated. voice-verified

You know, we will need to see a further slowing in growth or or in the labour market to for the risks to become a bit more balanced. voice-verified

Yeah, remember that one was a big surprise last time. voice-verified

There was stuff going on uh with energy with the energy side uh and uh and the cyclone and bits and pieces, but the big sort of um not foreseen surprise there was the surge in automated data processing equipment that goes into uh data centers and the like. voice-verified

And you know, we saw the deficit swing um to uh sorry, we saw the trade. voice-verified

Surplus swing uh to the deficit the first time um in in in in many a year, going back to 2017, I think it was. voice-verified

Um so you know, the consensus for today's number is we swing back again to a surplus. voice-verified

Uh the consensus is for a surplus of 1.6 billion from a deficit of 1.84. voice-verified

But to your point on New Zealand. voice-verified

You know, we don't know. voice-verified

Is there maybe maybe there's more going on there with that data center stuff that keeps that uh that that pull the other side running a bit longer. voice-verified

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