Victoria’s lockdown and Australia’s economic outlook

It was another extraordinary week for the Australian economy and the challenges of forecasting in a pandemic were on display once again. In this podcast with Gareth Aird, Head of Australian Economics and Belinda Allen, Senior Economist, the RBA’s Statement on Monetary policy and new economic forecasts are discussed and how they differ from the Global Economic & Market Research teams. The stage 4 lockdown in Victoria has prompted a weaker economic outlook and we discuss the internal data we are watching for how Victoria is tracking as well as preview the July Labour Force data.

 

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