GDP for the March quarter showed the economy contracted for the first time since 2011, falling by 0.3% as expected, with the yearly rate falling to 1.4%. The result captured the beginning of the effects from the coronavirus-driven restrictions, with household consumption falling for the first time in 32 years, down 1.1%, while both private and public investment also declined.
Read more here: Paradigm Group Monthly Market Insights – May 2020
