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The latest issue of Deloitte Access Economics’ Retail Forecasts projects that Australian retail sales will record their strongest growth in a decade in 2020-21, buoyed by travel restrictions, stimulus and a strong domestic economy.
However, growth will inevitably slow in 2021-22 as the economy opens up and consumers spend elsewhere:
Australia’s economic recovery has gone from strength to strength in 2021 – built largely on elevated consumer and business confidence…
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About the author
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.