Politics

Economy ‘performing strongly’ as Australians saved $217 billion during pandemic


Financial planner Patricia Howard says Australians have “come out in fighting shape” after saving $217 billion during the COVID-19 pandemic.

“It’s almost too much of a problem, which is why we have this difficulty with inflation and why interest rates look as though they’re going to be on the rise. But the economy is performing incredibly strongly,” she told Sky News Australia.

She said the demand for Australia’s key exports is on the rise, with earnings expected to be “at record levels over the next few years”.

“That means there’s an awful lot of money coming into the country and that’s going to buoy the economy.”

Financial planner Patricia Howard says Australians have “come out in fighting shape” after saving $217 billion during the COVID-19 pandemic.

“It’s almost too much of a problem, which is why we have this difficulty with inflation and why interest rates look as though they’re going to be on the rise. But the economy is performing incredibly strongly,” she told Sky News Australia.

She said the demand for Australia’s key exports is on the rise, with earnings expected to be “at record levels over the next few years”.

“That means there’s an awful lot of money coming into the country and that’s going to buoy the economy.”
Financial planner Patricia Howard says Australians have “come out in fighting shape” after saving $217 billion during the COVID-19 pandemic.

“It’s almost too much of a problem, which is why we have this difficulty with inflation and why interest rates look as though they’re going to be on the rise. But the economy is performing incredibly strongly,” she told Sky News Australia.

She said the demand for Australia’s key exports is on the rise, with earnings expected to be “at record levels over the next few years”.

“That means there’s an awful lot of money coming into the country and that’s going to buoy the economy.”

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