Alan Oster, NAB's Group Chief Economist, shares his insights on the slowing down of the economy.
During this webinar, Alan discusses the local and global economic overview for the next 12 months, including high inflation, increased wage pressures and the impact of higher interest rates.
To view Alan’s presentation pack, click here.
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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