Omicron to Restrain Australians’ Big Spending

Omicron to Restrain Australians’ Big Spending
Shoppers are seen in Westfield Bondi Junction in Sydney, on March 23, 2020. Jenny Evans/Getty Images
Alfred Bui
Updated:

The impact of the Omicron COVID-19 variant might hinder the prospect of Australians spending big in 2022 as not so positive signs have already appeared in the country’s economic landscape.

The Commonwealth Bank of Australia (CBA) reported that it’s household spending intentions index that combines an analysis of CBA payments data, loan applications and publicly available search activity on Google Trends increased by 2.5 percent last December.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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