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 - 4 February 2022 as a reference.
- Strength in the labour market continued into the December quarter as inflation reached a 30-year high.
- The trade deficit widened further as imports continued to climb.
- Global growth is slowing as Omicron disrupts activity, but the economic effects are expected to be short-lived.
- Our Special Topic draws on international experience to evaluate the potential economic impacts of an Omicron outbreak here. The Treasury’s initial assessment is a transitory hit of between 1.5%-2% of GDP across the first quarter.
Wednesday, 9 February 2022