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Podcast: WorldWide Markets with Simon Brown
Episode: The GDP Horror (#355)
Description: Simon Shares US Fed has now promised a rate cut. This boomed markets but under lying the statement is the acceptance that trade wars are hurting the US economy. Horror Q1 GDP number at -3.2%. We knew it would be bad, thanks to aggressive load shedding during the period. But nobody expected this bad. The good news (sorta) is that no load shedding in Q2 should help boost that number. Also Agriculture was down 13.2% and is lumpy and should bounce back helping. But GDP for the year is going to struggle to get above 1%, and we're now almost...