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Below is Deloitte’s Weekly economic briefing, which assesses the prospects facing Australia’s retail sector.
The latest issue of Deloitte Access Economics’ Retail Forecasts brings an all too familiar story for Australia where, in the September quarter, COVID-related restrictions have eaten away at the relatively solid start to the year.
Lockdowns have been particularly hard for non-essential retail, including clothing and department store sales, with the doors for many retailers closed for normal business over most, if not all, of the quarter.
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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.