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.
To read the full article, please login to the members dashboard. If you’re not subscribed to the newsletter but would like to, then you can do so here.
