Econmy set to bounce back after COVID downturn


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.