Economic Update Released

Economic Update Released

Our popular Quarterly Economic Update for the past quarter has just been released!

Focusing on COVID-19, property, iron ore and Australia's economic recovery post-COVID, check out the article preview >>

ECO043 Quarterly Economic Update: July - September 2021 (576 words)

COVID here to stay

The third quarter of the calendar year brought with it the third and by far the biggest wave in COVID-19 infections. Largely restricted to NSW and Victoria the outbreak was driven by the highly infectious Delta variant. Such was its speed of spread it forced a change in strategy from one of elimination to learning to live with the virus, supported by a massive vaccination campaign. By quarter’s end vaccination rates were closing in on key targets that will allow a slow and selective lifting of the severe lockdown conditions that have prevailed for months. This may lead to a slower economic recovery than occurred after previous waves.

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