Economy

Bubbly services sector seen keeping growth afloat in June quarter

Rebecca Howard
Sun, 15 Sep 2019

By Rebecca Howard Sept. 16 (BusinessDesk) - Service sector output may have kept the economy ticking over in the June quarter, but economists say the sluggish backdrop points to at least one more interest rate cut before December. The median in a Bloomberg poll predicts gross domestic product expanded 0.4 percent in the three months ended June 30, slowing from a 0.6 percent pace of growth in the March quarter, and below the Reserve Bank's forecast 0.5 percent. The economy is expected to have expanded 2 percent from a year earlier, slowing...

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