Boom time for GDP ? or is it?

March quarter GDP surged above expectations, but it’s likely to prove an aberration.

PORTFOLIO POINT: March quarter GDP growth was surprisingly strong, but it’s likely to prove an aberration and won't prevent further rate cuts.

Australian GDP rose by a surprisingly strong 1.3% in the March quarter, resulting in an annual rate of 4.3%.

This is roughly double consensus expectations.

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