Key points Management of the Delta variant of COVID remains the dominant factor influencing the Australian economy. The costs of lockdowns are accumulating in Australia while the rest of the world is finding ways to live alongside COVID. The Australian...
Key points The global and Australian economies are bouncing back. Australia's recovery is evident in the March quarter National Accounts. Recovery in Australia and elsewhere has been driven by unprecedented fiscal stimulus. Concerns about inflation pressures may be premature. The...
The February 2021 labour force data showed employment surged with 89,000 Australians finding work and the unemployment rate dropping sharply from 6.3% to 5.8%. The overall labour market is in a strong position heading into the end of JobKeeper this...
GDP growth rose 3.3% in the September quarter 2020 – the largest quarterly rise since 1976 and at the upper end of market expectations. Growth was supported by the lifting of COVID-19 restrictions outside of Victoria and continued government support....
*as at October 2019 Summary The value of unlisted equity has soared as a share of GDP since the end of the mining investment boom. By contrast, the value of listed equity has been relatively steady over the past two...
GDP growth was 0.5% in the June quarter 2019 to be up just 1.4% over the year. That’s the slowest pace of yearly growth since September 2009. Yearly GDP growth has now been below 2 per cent for two quarters,...
Australia’s labour market continues to generate rapid (and full-time) jobs growth; while wages growth is outstripping inflation. The robust trend in jobs growth in Australia continued into July, with employment rising by 41.1k in the month. An increase in labour...