An economic recovery is now underway in Australia and the next set of national accounts should show growth returned in the December quarter. We expect the economic recovery to ramp up over 2022 and above-trend growth to materialise with a very encouraging development is the household savings ratio. It surged to nearly 20% in the September quarter to be just shy of the record high posted last year. Find out more from our analysis and whether the emerging Omicron variant of COVID-19 will hinder next year’s growth rate.
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