In the media | 03 Sep 2021

Ausbiz: June Quarter 2021 Key Accounts Data

Sarah Hunter, Chief Economist at BIS Oxford Economics joins Deirdre Bolton from Ausbiz to discuss the June quarter key account data.

Second quarter growth figures soundly beating estimates yesterday, with GDP rising by 0.7% in the period, compared with the 0.4% tipped by economists. Growth was dominated by government spending and household consumption. GDP is always inherently backward looking, notes Sarah Hunter from BIS Oxford Economics and right now it is more backward looking due to extended COVID-19 lockdowns in the two largest states in the economy. Sarah says the September quarter is likely to see GDP contract by around 3%. We are amidst an economically challenging period, and a severe downturn in the economy, says Sarah, and it’ll be interesting to see the response of households and businesses as vaccination rates hit targets, and restrictions do begin to ease.

Watch and listen to the video interview below:

You may be interested in

women working in martin place

Post

Anchors away – RBA change course and raise rates

The RBA has opted to raise the cash rate target to 0.35%. For some time, the RBA identified faster wage growth as its trigger for raising rates. Official data sources have provided no new information on this front over the past month. But the board has put their faith in information from the RBA business liaison program that wage growth is picking up.

Find Out More
Seattle skyline

Post

Introducing our new US Real Estate Economics Service

The new US Real Estate Economics Service helps companies understand the implications of macroeconomic, geopolitical, financial and climate change on private and public real estate performance in the US. The first globally consistent and independent set of real estate forecasts, the service offers regular analysis and commentary from our highly experienced team of real estate economists.

Find Out More

Post

Announcing the launch of our new website

We are pleased to announce the launch of our new My Oxford research portal. This will represent a major improvement for clients in the way that they access and interact with our research.

Find Out More