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. What does this all mean for the economic outlook?
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