Economic Update Video - March 2020


Data released In February gave an early indication of how the Australian economy has been impacted by the bush fires and corona virus.

The Reserve Bank of Australia lowered its near-term growth forecast for the year to June 2020 from 2.5% to 2.0%.

Australian, US and European share markets all fell by more than 8% in February. Commodity prices also fell, although gold was up more than 5% due to its safe haven status.

The RBA has cut the cash rate to a new record low of 0.5%.

We also look at the other economic indicators that paint a picture of the health of the economy, including consumer sentiment, movements in the Australian dollar, unemployment and wages as well as the state of the property market across all of the capital cities.

Category: News