BUSINESS DAY TV: Retail likely to experience notable pressure for next while
George Glynos, MD of ETM Analytics, discusses third-quarter growth data, which showed economic expansion of just 0.2%
George Glynos is managing director of ETM Analytics. BUSINESS DAY TV: The economy spluttered to a halt in the third quarter of the year, growing just 0.2% after expanding 3.5% in the second quarter. Economists are now revising their full-year expectations downwards. So, what are the chances of a fourth-quarter recovery? George Glynos, who is MD at ETM Analytics, joins us now in the News Leader studio with his thoughts. George … so the number today coming in weaker than consensus. Are you surprised at the economic reality? George Glynos: No, sadly not at all. In fact if anything we were surprised that the second quarter was as strong as it was and that the third quarter wasn’t maybe a little softer. So we were a little bit more bearish and it has been borne out. You look at other data that’s been out there, the confidence indicators are all down. You have a look at the leading indicators of the Reserve Bank, the OECD (Organisation for Economic Co-operation and Development), our own i...
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