Tracking our economic recovery from the COVID recession
Presenter: Chief Economist, Sarah Hunter
Monday, 15th of March 2021 | 1:00 pm - 2:00pm AEDT
A year after it first emerged, the COVID-19 pandemic remains the dominant force in the global economy. While the rollout of vaccines has brought some light to the end of the tunnel, for many countries it will be the second half of 2021 (and beyond) before restrictions can be meaningfully relaxed.
In contrast, some countries have successfully navigated the pandemic and are now well into recovery mode – Australia is part of this group. In this session we will provide our forecast for the global economy, and will chart the economic recovery in Australia; looser restrictions and stimulus are allowing many parts to thrive, while other sectors and regions continue to struggle.
Policy's role in shaping the economic outlook
Presenter: Principal Economist, Sean Langcake
Tuesday, 16th of March 2021 | 1:00 pm - 2:00pm AEDT
In our second session we will explore in more detail the role of policy, both domestic and external, in shaping key trends in the economic outlook. We will present our assessment of the vulnerability of Australia’s key exports to an increase in tensions with China, the outlook for fiscal policy and its impact across the economy, monetary policy and the profile for inflation.
The session will also discuss the longer term impact of the closure of the international border (and resultant collapse in overseas migration and travel) and the increased focus on transitioning the economy to a green growth profile.
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Assessing the residential sector following HomeBuilder
Presenters: Executive chairman, Robert Mellor & Principal Economist, Timothy Hibbert
Wednesday, 17th of March 2021 | 1:00 pm - 2:00pm AEDT
The policy response to the pandemic, including record low borrowing costs and new home grants, have spurred a rapid rebound for the residential sector. Monthly house approvals have reached a new record and home renovation activity is booming. For non-residential building, the pandemic has accelerated structural change that will continue to drive widening outcomes by sub-sector.
While headwinds have faded, the environment remains dynamic with several challenges remaining. The pull forward of demand arising from the HomeBuilder program will begin to bite deeper into 2021. Meanwhile, population growth is expected to remain weak for some time despite the imminent rollout of a vaccine. In this conference presentation, we run through BIS Oxford Economics’ two-year outlook for both residential and non-residential building, with a focus on key risks and opportunities on the horizon.
Infrastructure stimulus drives a rebound in construction activity
Presenters: Associate Director, Adrian Hart & Principal Economist Nicholas Fearnley
Thursday, 18th of March 2021 | 1:00 pm - 2:00pm AEDT
Engineering construction activity has remained relatively insulated from domestic activity restrictions during the coronavirus pandemic. While total activity is forecast to grow over the coming years, the outlook is very different across sectors and states, and there remains substantial risks.
In this conference presentation we outline BIS Oxford Economics’ outlook for engineering construction activity, mining activity and maintenance, and discuss the implications and risks. We will highlight which sectors and states have the most promising outlooks from here over the next few years, as well as discussing broader medium to longer term issues facing the engineering construction sector, including industry sustainability, capacity and capability, construction costs and funding, and investment activity.