Sydney and Melbourne households are in a shadow lockdown with spending activity now similar to what it was during government-mandated lockdowns.
Leading economists are confident Australia can continue recovering from the pandemic despite rising case numbers,provided state and territory leaders do not impose further lockdowns.
We became richer faster than ever before this year,despite the pandemic. Here are six big reasons to be cheerful - for now.
Customer Service Minister Victor Dominello said the state’s vaccination rates and digital infrastructure gave NSW room to deal with new variants.
More than a third of households who saved money during lockdowns are planning a post-coronavirus holiday,but some spending habits have changed for good.
An economic resurgence rivalling the Roaring Twenties could emerge if companies adapt and take risks,says a senior Reserve Bank official,suggesting the post-pandemic revival may help reverse a long-term slump in business investment.
As the ICAC fallout continues,Premier Dominic Perrottet has launched an inquiry into how taxpayer-funded grants are handed out in NSW.
The Westpac-Melbourne Institute consumer sentiment index slumped 13.6 per cent in Sydney this month showing the city’s consumers are far gloomier thanks to the lockdown.
Business confidence has hit a two year high while consumers are now at their most buoyant this year.
Melburnians have splurged on haircuts and new outfits producing one of the biggest spending spikes since March.
Westpac's measure of consumer confidence has jumped to its highest level since July 2018,but their survey shows the budget helped more men than women.