
One quarter of nation's economy in lockdown a threat to recovery
Treasurer Josh Frydenberg has joined prominent economists in saying the extended lockdown in NSW will have a big impact on the national economy.
Treasurer Josh Frydenberg has joined prominent economists in saying the extended lockdown in NSW will have a big impact on the national economy.
Australian consumer confidence was at a 10 year-high and people have wiped away the bad memories of the pandemic, according to Westpac’s consumer confidence index.
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Westpac has signalled the end of the recession with the bank claiming growth returned in the September quarter and would probably stronger again in the December quarter.
Westpac is predicting a rise of 20 per cent in Brisbane house prices over the next two years, the highest in Australia, but not before some pain.
Economists have declared the massive wage subsidies to keep Australians in work amid the coronavirus crisis a game-changer that will nearly halve the otherwise expected job losses.