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Chief economist's update - October 2021
01 October 2021
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 economy’s ability to get on a sustainable growth footing once vaccination targets are reached remains the key question.
- In respect of the rest of the world, developments in China’s property market have uncovered a key source of risk to China’s recovery which could have spillovers to Australia.