Can Confidence Create The Conditions For Growth

November 2020 Newsletter | Australia’s improving domestic management of the COVID-19 pandemic, an end to the lockdowns in Victoria and Melbourne in particular, vaccine progress, fiscal stimulus and political developments in the United States over the last few months appear to have provided a very significant boost to consumer and business confidence. Whether this is enough to see animal spirits emerge and economic growth prosper in 2021 only time will tell. However, the correlation between some of these confidence indicators and economic indicators suggest there are reasons for optimism.