ECONOMIC COMMENTARY

NAB has upgraded its forecasts for dwelling prices, which are now expected to rise 14% in 2021 and 6% in 2022.

NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.

Quarterly data point to weak start to 2021, but signs of consumers returning is positive.

High frequency indicators continue to point to a recovery in the global economy in early 2021. In Australia, the economic recovery continues at a brisk pace with forward indicators pointing toward ongoing strength in activity and the labour market, even as some fiscal support is wound back.

Uneven recovery set to continue into 2022, as EMs wait for vaccines.

2021 is already showing signs that the retail sector is returning to something resembling “normal”, which is likely to see lower retail spending in areas like household goods, electronics and similar sectors.

Healthy momentum leading into the JobKeeper wind-up.

Business conditions reach a record high.

The national home value index recorded a 2.8% rise, the fastest rate of appreciation since October 1988.

Innovation on the rise as Australian businesses double-down.

NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.

Don’t forget about me: lower skilled workers could be left behind by manufacturing’s evolution