Wednesday's national accounts are expected to show the economy grew by 0.5 per cent for the March quarter when COVID-19 disruptions and floods slowed momentum. 7NEWS
If economists are right, Wednesday's national accounts will provide Treasurer Jim Chalmers with plenty of ammunition for another crack at the former coalition government.
But he does expect stronger results in the June and September quarters, before there is a loss of momentum in the final three months of the year as rising interest rates from the Reserve Bank of Australia start to bite. The latter is expected to show a big 1.4 percentage point drag on the growth result from net exports figures based on monthly trade outcomes.
Other data includes the CoreLogic home value index for May on Wednesday, which economists are expecting to show a 0.3 per cent fall as the recent decline in house prices in Sydney and Melbourne broadens.
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