Table 1.
Indicators of Australian Activity (%)
| 2021a | ||||
|---|---|---|---|---|
| 2020b | MI c | Lowd | Highd | |
| GDP | −3.0 | 3.2 | 1.6 | 4.7 |
| Consumption | −5.5 | 5.0 | 1.4 | 8.3 |
| Domestic final demand | −3.2 | 3.0 | ||
| Unemployment ratee | 7.0 | 6.8 | 5.9 | 8.8 |
| Employment | −1.0 | 2.0 | ||
| Wage cost index | 1.5 | 1.2 | 0.4 | 2.0 |
| Headline inflation | 0.8 | 1.2 | 0.7 | 2.1 |
| 90‐day bill ratee | 0.1 | 0.2 | 0.0 | 0.3 |
| 10‐year bond ratee | 0.9 | 1.1 | 0.6 | 1.9 |
Notes: (a)Year‐average growth forecasts. (b) Estimates.
(c) MI denotes Melbourne Institute.
(d) Based on published forecasts in Consensus, December 2020.
(e) As at end of year.
Source: Melbourne Institute and Consensus Forecasts.
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