A couple of comments out of CBA:

CBA household credit and debit card spending

  • little changed over the week ending 21 August 2020
  • 5.1% higher than a year ago (previous week: +3.6%/yr.)
  • Online spending is up 26.2%
  • In-store spending is down 3.8%
A couple of comments out of CBA:

CBA's chief economist Stephen Halmarick on economic growth:

  • GDP to shrink by 4.2% in 2020
  • To grow by 1.8% in 2021

Projects 3 consecutive quarters of negative growth this year

  • -0.3% (Q1)
  • -6% (Q2)
  • -0.7% (Q3)