Economic consultants, AlphaBeta, have updated their real time tracker on the Morrison Government’s stimulus package, which shows that its impact on consumption is fading:
AlphaBeta & illion’s real time tracker shows the stimulus was very effective in boosting spending, but has now worn off as consumption by stimulus recipients falls back in line with households that did not receive the stimulus (see chart below).
SPENDING DROPS
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
