ECONOMY

INSIGHTS, TRENDS AND CASE STUDIES

Conditions and confidence hit by lockdowns in Q3.

The first full week of Sydney reopening and NSW jumped (up around 15% in the week – reflecting hospitality and personal services (e.g. hairdressers) reopening, but other states showed weakness.

Market data shows house prices slowing, sales easing, and building approvals falling, the survey is also pointing to a market that has passed its peak.

NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.

A series of crises stalled Q3 growth and present downside risk to the outlook.

We have revised our global economic forecasts lower – to 5.9% for 2021. For Australia, a very sharp fall in activity in Q3 is locked in however we continue to expect a solid rebound in Q4 , and strong growth continuing into early 2022.

Energy woes add to persistent supply bottlenecks in slowing global recovery.

NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.

Reopening in NSW, soon to be followed by the ACT and Victoria, should give retail spending a good kick along in October and November.

Waiting for the rebound after Q3 lockdowns.

Confidence rebounds on the back of roadmaps, vaccination.

Australian housing values rose 17.6% higher over the first nine months of the year and 20.3% higher over the past 12 months. The annual growth rate is now tracking at the fastest pace since the year ending June 1989.

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