Judo chopped
Following on from ANZ reporting a sharp slowdown in spending in March comes some more reassuring figures from Judo bank.
All sectors of the Australian economy are now in contraction, suggesting that the interest rates hikes are more than just doing their job.
And input price pressures are easing sharply, confirming that the peak inflation pressures are behind us.
This graphic actually tells a very interesting story about how the lockdowns resulted in a large spike in price pressures, which are now falling as the world economy reopens and returns to normal.
