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Economy

Australia's fast COVID recovery leaves central bank nursing doubts

RBA wary of government focus on deficit as China looms and vaccines lag

One analyst told Nikkei Asia that the central bank is "genuinely worried that the government will start to consolidate the fiscal position prematurely" as the economy improves.   © Reuters

SYDNEY -- Over the last six months, Kris Botha has gone from despairing over heavy losses from coronavirus lockdowns to worrying about where to find more staff. Weekly takings at her beauty salon and spa business, about 100 km south of Melbourne, have bounced from as low as 500 Australian dollars during last July and August to a near-normal AU$8,000 to AU$10,000 now.

Demand has returned as more people visit her coastal town since they cannot travel overseas, and work-from-home has enabled some city residents to stay in the regional area.

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