Weekly economic update

Fortnightly Economic Update - 1 April 2022

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  • Business and consumer confidence point to stiffening growth headwinds.  
  • High-frequency indicators show increasing activity in Auckland as Omicron case numbers fall.
  • Globally, the Russia-Ukraine conflict, tightening financial conditions and tighter pandemic restrictions in China are weighing on growth.
  • Australian and UK budgets focus on alleviating cost of living pressures.
  • Our Special Topic explores the interaction between rising inflation and fiscal policy.