Kelvin Davidson

I don't fully understand it, but there's technical reasons why this might not genuinely be the number.

The actual result could end up being a little bit higher because of sort of weightings of different sectors and they're always rebasing these things through time.

So revisions can be made.

So point two might just be a little bit softer than the real economy, the actual result.

So we could see that revised up in due course.

But either way, still a little bit,

a little bit disappointing, I guess.

I mean, farming was a strong contributor.

Construction went backwards again.

So, you know, there is that variability.

It's not like everything's weak.

There are some sectors of the economy doing okay.

But yeah, generally,

added up to 0.2% growth, which was a little bit sort of understated, a little bit disappointing.

I mean, you know, do we worry too much about it?

Not really, because it's always a bit outdated, and of course even more outdated now, given what's been going on.

I mean, we're not going to know.

I was thinking about it earlier that we'll get the Q1 GDP numbers in the middle of June.

But even that's going to have January and February in it, which was unaffected by the Iran conflict.

So even those Q1 numbers will only have March in it.