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The retail apocalypse is on the way.
Australia’s retail turnover fell by 0.6% in the March quarter, when inflation is stripped out.
This was twice the rate of the December 2022 quarter’s decline.
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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.