Confidence drops on rapid Omicron spread
Consumer confidence has fallen across Australia as a result of the rapid spread of the Omicron strain of COVID-19, potentially dampening the outlook for retail spend...
Source: denipt.com.au
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Property prices: red-hot housing market to cool in 2022 predict analysts
Economists failed to predict the extraordinary growth in house prices in 2021, but are confident they’ve got it right in forecasting a major slowdown in 2022.
Source: afr.com
Australia COVID: Consumer spending tanks as virus cases pass 300,000 in a week
Consumer spending has plummeted to lockdown-like levels as 305,375 cases of COVID-19 were recorded nationally this week, and supermarket bosses apologise about empty shelves.
Source: afr.com
Consumer Confidence on rise 7 December
Consumer confidence increased by 1.4 per cent last week. Among the major states, confidence rose in New South Wales, Queensland and Western Australia
Source: miragenews.com
Australia, NZ dollars head for 5th week of losses, RBA meeting looms
The Australian and New Zealand dollars were headed for their fifth week of losses on Friday as the spread of the Omicron variant clouded the outlook for global growth just as markets were pricing in a faster pace of U.S. rate hikes.
Source: reuters.com