10 Dec 2020

ANZ predicting double-digit GDP rebound

From Morning Report, 7:46 am on 10 December 2020

The ANZ bank is predicting a double-digit rebound in GDP numbers out next week.

The bank says the economy has been surprisingly resilient, helped by success in containing Covid-19, and it expects GDP to be up 14 percent for the third quarter.

It points to the housing-induced bump to domestic demand and the wage subsidy as key contributors to the economy's strength.

Sharon Zollner is the bank's chief economist.