Economics

Australia Economy to Stall In Second Half on Outbreak, HSBC Says

Beachgoers at Bondi Beach in Sydney on July 4.Photographer: Brendon Thorne/Bloomberg

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By Michael Heath

July 16, 2021 at 12:15 AM UTC

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Australia’s economy is set to stagnate in the second half of the year as shutdowns in its two largest cities following an outbreak of a highly contagious coronavirus variant combines with a general deceleration, according to HSBC Holdings Plc.