Original article by Tom Dusevic
The Australian – Page: 1 & 6 : 22-Sep-21

The OECD now expects the Australian economy to grow by four per cent in 2021. The Paris-based organisation had previously forecast in May that the domestic economy would expand by 5.1 per cent in 2021 as it recovered from the COVID-19 pandemic. However, the Commonwealth Bank says economic activity will be boosted as households begin spending about $230bn worth of savings they have accumulated during the pandemic. The minutes of the Reserve Bank of Australia’s latest board meeting show that it is also upbeat about the long-term economic outlook, despite expectations that GDP will fall and unemployment will rise in the September quarter.

CORPORATES
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, RESERVE BANK OF AUSTRALIA