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Business Valuations Perth, Western Australia

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  • Will Gamlin
  • 0418 433 774
  • will@jarot.com.au
  • |
  • Chris Milne
  • 0458 888 005
  • chris@jarot.com.au

Small Business Market Outlook For 2021

The OECD expects global GDP to increase by 4.2% in 2021 after a fall of 4.2% in 2020. In Australia, the numbers are slightly less dramatic with an expected contraction over 2020 to be 3.8%, projected growth of 3.2% in 2021 and 3.2% again in 2022. But the recovery in Australia has and will be uneven, as differing sectors of the economy experience varying impacts from COVID-19.

The Uneven Recovery in Australia

International boarder restrictions have stifled recovery in education and tourism exports throughout Australia. Non-services exports such as commodities have not been affected to the same degree.

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