Econmy set to bounce back after COVID downturn

Share:

New research shows the Australian economy is poised to bounce back from crippling lockdowns.

Deloitte Access Economics believes the economy has shrunk by around 3.5% in the September quarter.

Part of the reason is the extended lockdowns in the ACT, New South Wales and Victoria

A high vaccination rate is likely to see a rapid recovery, with the economy forecast to grow by 4.5% next year.