Market Research Report
Australian Retail Banking 2020 - Review, Forecasts, and Future Opportunities
|Published by||GlobalData||Product code||955204|
Delivery time: 1-2 business days
|Australian Retail Banking 2020 - Review, Forecasts, and Future Opportunities|
|Published: August 24, 2020||Content info:||
Growth in the Australian retail banking sector has been consistent over the past decade, but has been weak in recent years. COVID-19 will compound the poor performance that was forecast for this year, significantly altering trajectories of all major economic indicators and measures of growth. Despite fewer cases of the virus and overall containment of its spread, recovery is still not expected until 2021.
This report explores trends in the Australian retail banking sector and offers insight into consumer preferences and behaviors. It highlights some of the most important data points available on the performance of the sector comparable to other markets, as well as the performance and perception of firms within the industry. New trends and innovations are also noted, as are the implications of COVID-19 for the sector.