Consumer drives amazing recovery from delta lockdowns


The Australian economy awoke from its slumber and staged an amazing rebound from the shock of the Delta lockdowns. Households, awash with savings, unleashed pent-up demand after lockdowns lifted across the largest states of New South Wales and Victoria.

But downside risks are growing.

The horrible war in Ukraine is a humanitarian tragedy that will impact the lives of millions of people. The war is also affecting key commodity prices, including oil, natural gas, and wheat.

Hear from Jarek Kowcza, Senior Economist to find out what this means for economic outlook.

For more information on what’s happening in investment markets, visit our Super news and insights page or speak to your financial adviser.

Economic Insights: 3 March 2022

You might also be interested in

FY21 has seen a rebound of markets and a return to calmer conditions – with BT super members receiving some of the highest returns seen in years.
BT offers a range of Superannuation solutions that you can consider throughout your working life through to retirement.

Hear from Corrin Collocott, our Chief Investment Officer, for insight into the experience and investment approach of BT Investment Solutions.

11 Feb 2022
One of the big themes of 2022 is central bank tightening. The Bank of England hiked last week. The US Federal Reserve is likely to hike next month. And just last week, the Reserve Bank Governor conceded there was a plausible scenario where rates could rise later this year in Australia.
24 Jan 2022
BT’s Chief Investment Officer Corrin Collocott shares the five key investment themes his team is focused on in 2022 and what this means for your super.
20 Jul 2020
BT has a range of superannuation investment options, offering you flexibility and choice when personalising your super investment mix.


This document has been created by Westpac Financial Services Limited (ABN 20 000 241 127, AFSL 233716). It provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. This information has been prepared without taking account of your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation and needs. Projections given above are predicative in character. Whilst every effort has been taken to ensure that the assumptions on which the projections are based are reasonable, the projections may be based on incorrect assumptions or may not consider known or unknown risks and uncertainties. The results ultimately achieved may differ materially from these projections. This document may contain material provided by third parties derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, Westpac Financial Services Limited does not accept any responsibility for the accuracy or completeness of or endorses any such material. Except where contrary to law, Westpac Financial Services Limited intends by this notice to exclude liability for this material. Information current as at 10 December 2021. © Westpac Financial Services Limited 2021.