Back to top anchor
Weekly economic update

Fortnightly Economic Update - 16 September 2022

Issue date: 
Tuesday, 20 September 2022
Corporate author: 
Document Date: 
Friday, 16 Sep 2022
Publication category: 

Formats and related files

Accessible HTML version

Only the summary of this update has been prepared in HTML. If you require a full HTML version, please contact [email protected] and cite Fortnightly Economic Update - 16 September 2022 as a reference.

  • Economic activity rebounded 1.7% in the June quarter as COVID restrictions eased and international travel resumed
  • The current account deficit widened to 7.7% of GDP as imports remained solid and commodity prices rose
  • Rising food and rental inflation and falling housing wealth continue to squeeze household spending
  • Global central banks raise rates at pace even as activity weakens 
Last updated: 
Tuesday, 20 September 2022