Weekly economic update

Fortnightly Economic Update - 19 May 2023

Formats and related files

  • Budget 2023 reprioritises spending and invests in resilient infrastructure
  • Labour market remains tight, with some signs of easing through net migration
  • House prices stabilise but low sales volumes and consents point to weakness going forward
  • Global central banks hike rates as activity shows resilience, but China’s recovery stalls
Accessible version

Only the summary of this update has been prepared in HTML. If you require an accessible version, please contact [email protected] and cite Fortnightly Economic Update - 19 May 2023 as a reference.