The terrible war in Ukraine continues to dominate headlines. The potential economic implications from the war and the economic sanctions imposed on Russia continue to drive volatility in global markets and are underpinning a shift towards safe-haven assets. Additionally, the war and fears on the impacts it may have on the global economic recovery have affected market pricing of central bank rate increases over 2022.
Additionally, Australia also faced its own difficulties as flood waters rose across many parts of Queensland and New South Wales, devastating many rural communities and impacting residents across both states. These factors are likely to negatively drag on confidence in March.
Download – 7 March 2022 Weekly economic outlook
Mounting wages growth add to pressure on RBA
View from the income & alts desk
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