Monday, May 31, 2021

Economic rebound to continue but Victoria lockdown weighs on confidence

There'll be more evidence this week that Australia's economy is continuing it's steady recovery from the pandemic-induced crisis. 

Official GDP numbers out on Wednesday are likely to confirm expanding growth, though the V-shaped rebound appears to be flattening out as massive government stimulus begins to fade.

ABC's Peter Ryan says the focus will be on Victoria'd COVID lockdown amid calls for the return of Jobkeeper support to support workers and employers.



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