Goldman Sachs' Boak on the Australia, New Zealand Economies in the Year Ahead

The video discusses Australia's economic recovery, highlighting a strong GDP forecast due to high vaccination rates and pent-up demand. It examines the slow growth in wages and labor market challenges, emphasizing the need for a fully employed labor market to boost wages. The impact of global monetary policies, particularly from the Fed, on the RBA's decisions is analyzed. The video also explores China's economic influence on Australia, noting trade challenges and the resilience of Australian exports. Finally, it compares the monetary policies of Australia and New Zealand, highlighting differences in inflation and employment conditions.

What are the expectations for wage growth in Australia moving forward?

What challenges does Australia face in its trade relationship with China?

How does the RBA's approach to inflation differ from that of the RBNZ?