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Looming Supply-Side Shortages Risk To 2023 Growth

AUSTRALIA

MNI (Australia) - Treasurer Chalmers and business leaders are warning that the outbreak of Covid in China could be the biggest risk to Australia’s economy this year, according to The Australian. They expect there to be supply-chain issues again, especially in the retail and building sectors. But on the positive side, Australia should benefit from the reopening of China.

  • There are also questions as to whether the RBA would just look through these temporary supply problems or see them as adding to price pressures.
  • Australian Retailers Association chief executive Zahra said that “While overall conditions have improved since the height of the pandemic, we continue to experience some delays with getting certain products.”
    - The Australian
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