Consumer Spending: Feeling the Impact of War
About this episode
The episode discusses the resilience of Australia's consumer spending amidst rising cost pressures linked to the Middle East conflict.
Australia’s consumer spending has remained surprisingly resilient, but early signs suggest that may not last. Host Mandy Drury speaks with CommBank Senior Economist Ashwin Clarke about how households are responding to rising cost pressures linked to the Middle East conflict. From higher petrol prices to broader cost-of-living impacts, they unpack how global shocks are filtering through to everyday spending and business activity. Ashwin explains why household spending has held up so far, supported by savings buffers and a willingness to absorb short-term income shocks. But with sentiment deteriorating, real incomes under pressure and unemployment expected to rise, the outlook is becoming more uncertain. Plus, CommBank’s Dr Hamid Yahyaei shares the key focuses for markets in the week ahead. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au . No…
More episodes of CommBank View: Economics & Markets
- RBA Rates Decision: What Happens Next?
- De-dollarisation: Is the US Dollar at Risk?
- Australian Housing: What’s Next For Prices?
- Global Outlook: War Inflation to Spark Higher Interest Rates
- The Middle East Conflict: No Easy Way Out
- Inflation: Has Australia Hit Its Speed Limit?
Explore listener stats, chart rankings, contacts and more on the CommBank View: Economics & Markets podcast page.