Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 2GB account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 2GB content and other benefits.


Joining is easy.

Advertisement
Advertisement
Advertisement

‘The consumer is on a spending strike’: Confidence continues to drop

Article image for ‘The consumer is on a spending strike’: Confidence continues to drop

Consumer sentiment has continued to fall amid growing concerns about the state of the Australian economy.

The monthly Westpac-Melbourne Institute consumer sentiment index fell 1.9 per cent in December.

Westpac chief economist Bill Evans tells Ross Greenwood people are concerned about job security.

“I would expect by the middle of the year the Reserve Bank that wants to see the unemployment rate down at 4.5 per cent will be dealing with around 5.6 per cent.

“The consumer is on a spending strike and that’s not encouraging for business investment.”

Click PLAY below to hear the full interview


Image: Getty/Parinda Yatha/EyeEm

Advertisement