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From the ANZ:
ANZ Roy Morgan Australian Consumer Confidence dropped 7.6% last week, to its lowest reading since October, as Omicron case numbers surge. #ausecon @DavidPlank12 @RoyMorganAus pic.twitter.com/5fFBMqvpqi
— ANZ_Research (@ANZ_Research) January 17, 2022
Hoocoodanode that the people of Australia would react so badly to being sprayed by plague while their government withdrew all health and income supports?
It’s a mystery to me and Morrison political strategists alike!
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.