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  • AU data to show economy before mass lockdowns

    From thewest.com.au

    New economic figures in the next week or so will provide some idea what speed the economy was travelling in the June quarter before it was struck by mass virus lockdowns across the country. While the June quarter national accounts due for release on September 1 will be somewhat dated, it will provide a starting point for an expected contraction the September quarter. "The extension of the lockdowns announced over the past week will mean a much bigger hit to the economic outlook than we were assuming just two weeks ago," AMP Capital chief economist Shane Oliver said. He now expects the economy will contract by around ... (full story)

The folk at the Fed are more competent that Australia's health bureaucrats who lock us up at a moments notice - at least once on the basis of just a single false positive.

Much of Victoria (about 25% of the Australian economy) has been in lock down for over 200 days in the last year. Plus other states, I don't know their numbers. I'm surprised the data isn't in the red by double digits.
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  • Posted: Aug 22, 2021 6:00am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 1  /  Views: 962
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