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MNI Survey of Q4 Australia GDP +0.5% Q/Q; +2.5% Y/Y

--Few Downgrades From Initial Forecast, Some Unchanged, Others Not Updated
--Downside Risk to Median Forecast
     SYDNEY (MNI)  - The following is a table detailing individual economists'
forecasts for fourth quarter GDP. The table reflects final forecasts issued by
economists but, where unavailable, the initial forecasts have been retained.
     The GDP data will be released by the Australian Bureau of Statistics at
1130 hours local time (0030 hours GMT) Wednesday.
                 GDP (chain volume measure)  GDP (chain volume measure)
                            (% Change, Q/Q)             (% Change, Y/Y)
                      (seasonally adjusted)       (seasonally adjusted)
                                         Q4                          Q4
Median Forecast                        +0.5                        +2.5
High Forecast                          +0.7                        +2.7
Low Forecast                           +0.2                        +2.2
Mean                                   +0.5                        +2.5
No of Responses                          17                          16
Previous Report                        +0.6                        +2.8
ANZ                                    +0.4                        +2.4
NAB                                    +0.7                        +2.7
Westpac                                +0.4                        +2.4
CBA                                    +0.4                        +2.2
JP Morgan                              +0.5                        +2.4
St George                              +0.6                        +2.5
UBS                                    +0.4                        +2.3
TD Securities                          +0.6                        +2.6
Deutsche Bank                          +0.5                        +2.5
Moody's                                +0.7                        +2.7
AMP Capital                            +0.2                        +2.2
Stanchart                              +0.7                        +2.7
RBC Capital                            +0.6                        +2.6
HSBC                                   +0.7                        +2.7
BankAM-ML                              +0.5                        +2.5
Macquarie                              +0.4                         N/A
Nomura                                 +0.5                        +2.5
--MNI Sydney Bureau; tel: +61 2-9716-5467; email:

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