CommBank Global Economic & Markets Update podcast

The economic recovery continued in Q1 21

June 3, 2021

The Q1 21 GDP figures were just released.  They showed that the economic recovery continued strongly over early 2021.  GDP is now about 0.8% above where it was tracking pre-COVID-19.  Strong commodity prices are also giving the economy a boost and nominal GDP rose by 3.5% in the quarter.  In the podcast Kristina Clifton and Belinda Allen, both Senior Economists discuss the GDP results. They also touch on the upcoming July RBA meeting.  This meeting will be an important one with the RBA set to announce their decision around which bond to target and whether QE will be extended. 


------ DISCLAIMER ------

Before listening to this report, you are advised to read the full Global Markets Research disclaimers which can be found at Information in this podcast is of a general nature only. It does not take into account your objectives, financial situation or needs and does not constitute personal financial advice. This report provides general market-related information, and is not intended to be an investment research report. The information contained in this report is approved and distributed by Global Markets Research, a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). The information is solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or other financial instruments. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Where ‘CBA data’ is cited, this refers to the Bank proprietary data that is sourced from the Bank’s internal systems and may include, but not be limited to, credit card transaction data, merchant facility transaction data and applications for credit. As the statistics take into account only the Bank’s data it may not reflect all trends in the market. All customer data used, or represented, in this report is anonymised and aggregated before analysis and is used, and disclosed, in accordance with the Group’s Privacy Policy Statement. The Bank believes that the information in this presentation is correct and any opinions, conclusions or recommendations are reasonably held based on the information available at the time of its compilation but no representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.

Podbean App

Play this podcast on Podbean App