ECONOMY

What do alternative indicators suggest about China’s COVID-19 downturn and recovery?

China’s consumers finally remerging

Signs of slowing, but vaccine a positive

Globally GDP rebounded strongly across all the major advanced economies in Q3, however the spread of COVID-19 remains a key risk to the outlook. In Australia our outlook now resembles the best-case scenario we outlined at the start of the pandemic, although large uncertainties remain, even with a vaccine seemingly close to being rolled out.

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

Widespread rebound in Q3 GDP, but COVID continues to disrupt global economy.

We take a closer look at how selected retail and hospitality spending in the CBDs of Melbourne and Sydney have fared this year.

Stronger near-term recovery in activity and a lower peak in unemployment.

Victorian retail sales are now tracking just behind New South Wales and Queensland on a year ended basis. Western Australia remains the strongest performer, but other states are catching up.