Sean Aylmer

Your time starts now.

Now, well, it was the GDP figures from the Bureau of Statistics.

We grew at just a 0.3% pace during the March quarter.

The full year was 2.5%.

What we found out, the consumer was pulling back probably more than we realized even before the war in the Middle East and higher oil prices, petrol prices.

Business investment is on a tear.

We know that thanks to data centers.

We're getting most of the growth from the private sector, but not from the public sector.

Productivity is pretty weak.

Well, do we care about it because it's three months ago or it's two months ago?

It's for the March quarter.

Of course we care about it because it shows us where we were and what since then we've had a bunch of things happen, things like higher petrol prices, tumbling consumer confidence, the war, unemployment rate of four and a half percent.

What we do now though, when we hit that, the economy was nowhere near as good as we thought it was.

Biggest story of the week.

Can I time start you in?

And I do appreciate you not interrupting.

No.

That's fair enough.

Ready?

Your time starts now.