Chief economist Bill Evans and the Westpac economics team investigate Australia’s COVID-19 recovery in their March podcast, highlighting the importance of the consumer and the implications for wages, housing affordability, business investment and financial markets.
Confidence in the pandemic recovery has continued to build over the past month. Globally this has come as a result of early success in the roll out of vaccines and, particularly in the US, the benefit of never before seen stimulus. In Australia, Q4 GDP highlighted Australia’s exceptional performance in the recovery to date; indeed, Westpac now believes the pre-pandemic level of GDP will be regained by March 2021. That said, in Australia and across the world, there remains a need for highly-accommodative monetary policy for the foreseeable future in pursuit of full employment, wages growth and consequently at target inflation.
Amongst the team, key themes discussed this month include:
Any information provided in this podcast is general in nature and has been prepared without taking into account any personal circumstances.