NAB’s Group Chief Economist Alan Oster examines where Australia’s economy is heading, and why it’s good news for business. Watch now.
When can we expect a cut to interest rates? Will consumer spending pick up anytime soon – or will higher unemployment and labour supply issues take their toll?
In our latest Business View video, NAB Chief Economist Alan Oster gives listeners good reason for hope. While there may still be some challenges ahead, his advice is to prepare for better times ahead in the second half of 2024 and beyond.
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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