The outbreak of the Delta variant in Australia has continued to worsen. More states are now in lockdown and sentiment is deteriorating. That poses a downside risk to our Q3 GDP forecast. However the vaccine rollout continues to accelerate, which should allow Australia to lift domestic restrictions by the middle of Q4. That's why we think Australia will avoid another recession.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services