Australia - Vaccine rollout has yet to alter health situation
Australia & New Zealand

Australia - Vaccine rollout has yet to alter health situation

With Sydney tightening its lockdown and the one in Victoria set to be extended, we now expect GDP to shrink by 0.5% q/q in Q3. The vaccine rollout isn’t advanced enough yet to ease the medical situation meaningfully, but it is set to keep accelerating and render lockdowns obsolete by the end of the year.
Marcel Thieliant Senior Japan, Australia & New Zealand Economist
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Hawkish RBA to hike rates in early-2023

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