Unsurprisingly, consumer spending has taken a hit in recent months. The longer restrictions drag on, the more challenging things will become for some businesses.
Thankfully, relief is in sight, with an easing of restrictions just around the corner. And over the year ahead, consumer spending looks set for solid growth.
It has been a long hard slog for many businesses and households. But there is a light at the end of the tunnel.
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Information current as at 15 June 2020. © Westpac Financial Services Limited 2020.