Economic Update – Economies firmly in expansion mode

In our last economic update, we noted that the economic recovery continues. It’s time now to stop using the term ‘recovery’ when referring to the Australian economy. The domestic economy, and other economies, are now simply in expansion mode supported by ultra-low interest rates and lashings of fiscal stimulus.

As with last month’s update, we continue to see good news after good news from a full range of economic indicators, none more important than employment. The March 2021 labour survey was a solid report confirming that momentum in the labour market was already strong when JobKeeper expired. It’s becoming more feasible that we could see unemployment at 5% or below by the end of 2021. 

Download full report here:  210412_NewsFeed_RoystonCapital.pdf (357 downloads )