EY Chief Oceania Economist on RBA's Financial Stability Review

The transcript discusses the global economic recovery, focusing on Australia's financial stability and housing market boom. It highlights the role of consumer confidence and household spending in economic recovery. The end of Jobkeeper is expected to impact job numbers, but the overall economic momentum is likely to continue.

What has been a key driver of Australia's economic recovery?

• Tourism

• Household spending and government support

• Foreign investments

• Increased exports

What is the main factor supporting consumer confidence in Australia?

• Government subsidies

• Increased employment

• Rising house prices

• Low interest rates

What is the primary driver of the current housing market boom in Australia?

• Government incentives

• Foreign buyers

• Owner-occupiers and first homebuyers

• Investor-led cycle

What is the expected impact of the end of the Jobkeeper program?

• Decrease in housing prices

• Rise in inflation

• Loss of about 100,000 jobs

• Increase in GDP

Despite the end of Jobkeeper, what is the outlook for Australia's economic recovery?

• It will depend on foreign aid

• It will accelerate rapidly

• It will continue with some slowdown

• It will come to a halt