Chief economist's update - June 2021

04 June 2021

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 more immediate question is whether growth can be sustained once the stimulus has passed and given on-going risks around COVID.

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