NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
In today’s podcast, NAB Group Chief Economist Alan Oster discusses how this week will be a big one for government forecasts and policy direction. On Thursday the Treasurer will release a forecast update – effectively a mini MYEFO (mid-year economic and fiscal outlook) – to encompass the latest coronavirus impacts.
Listen to the full podcast now.
Consumer stress is rising again with Australians wary about the outlook for the year ahead. Household pressures are set to ease but until then the mantra for many consumers appears to be, “Show me the money”!
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Total spending went up 0.6% m/m. Overall, total consumer spending increased 1.9% in 3-month average terms and 6.5% over the past 12 months.
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