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Has Australia’s economy turned the corner on COVID? – Money Mate

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Has Australia’s economy turned the corner on COVID?

Truck rolls at intersectioin and misses motorcyclists

Australia’s economy gets its quarterly report card this week, with the September quarter GDP results set to be announced on Wednesday.

Economists are predicting a positive number for the quarter, but the year to date figure is still lower overall.

Two consecutive quarters of GDP growth would signal an end to the COVID-led recession.

b0fb68374e58b9461788c5dff7754d94 Tuesday 11.30am AEDT
Building approvals (Oct)

Is Australia’s housing sector recovering?

Tuesday 14.30am AEDT
RBA interest rate decision (Dec)

Will the RBA keep rates at near record lows?

Wednesday 11.30am AEDT
GDP (QoQ) (Q3)

Will the Australian economy emerge from the recession?

Friday 12.30am AEDT
Retail sales (MoM) (Oct)

How much shopping have we been doing as borders reopen?

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Is the economy emerging from the COVID recession?

It will be a busy week with the release of key economic indicators that give investors a clue about the shape of the Australian economy.Aside from the GDP number, we’ll also get some insight about building approvals and retail sales.Good numbers may bode well for the Australian sharemarket and the Aussie dollar.

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