Australian economy coming out of COVID is in an ‘extraordinarily difficult period’

Westpac Chief Economist Invoice Evans says the economic system popping out of COVID is an “terribly troublesome interval” as individuals begin to spend extra with increased inflation spill-over.

“Popping out of COVID is simply an awfully troublesome interval,” Mr Evans instructed Sky Information Australia.

“We’ve seen these extraordinary legacies from that, the actual fact individuals have been saving a lot cash they usually’re now desirous to spend, the reopening impact.

“It’s all a perform of very robust spending however sadly the spill-over is excessive inflation.”