Business Research & Insights

A soft start to 2023

A slow start for growth in 2023

Growth slows as consumption softens

A solid outcome to round out 2022

Post-COVID normalisation continues.

Slowing growth as consumption, trade normalise

A solid result ahead of a slower H2 2022

A solid outcome ahead of a slower H2 2022.

A solid result despite virus disruptions early in the year.

Imports to weigh on growth despite strong consumption.

A strong rebound in activity as lockdowns end.

Rebound sets the stage for a strong 2022.

GDP Q3 2021 – A short and sharp fall, now firmly in the rear view mirror.

Large fall sets up “W-shaped” recovery.

GDP surprises, rising 0.7% q/q.

A soft outcome ahead of a Q3 fall.

GDP Recovers Pre-COVID Levels

Q1 2021 - GDP continues to recover.

Despite a very strong start to the recovery, the economy is likely to have spare capacity for some time.

Rebound continues as Victoria ends lockdown.

The rebound continues.

A strong rebound as the recovery begins. GDP rose by a large 3.3% in Q3, following the sharp 7% fall in Q2.

Large rebound from COVID impacted Q2.

Q2 GDP fell by a massive 7% (-6.3% y/y), confirming the large hit to economic activity as a result of the shutdown to limit the COVID-19 pandemic.

GDP is expected to decline by 5.8% (-5.1% y/y) in Q2 – the largest quarterly fall on record.

GDP declines on early COVID-19 impacts.

The calm before the storm.

A moderate outcome pre COVID-19.

A weak result ahead of the Coronavirus outbreak.

Consumer growth slows further.

Private sector stalls.

Household weakness persists.