GDP down 1.2% for the March qtr

In the next 24 hours there will be a frenzy of economic commentary about the national accounts data and the importance of the last quarter's figure for the RBA board meeting next Tuesday.  My money is on no move by the RBA and more poor economic data this year.

For interest, below is the GDP per capita and Real net national disposable income per capita over the past deacde.  Notice the last few years (since end 2007) have been very flat for GDP per capita, and volatile but not really moving for net national disposable income per capita.