The Australian economy is expected to rejoice in its victory over COVID-19 by expanding at the fastest pace since 2007, a Reuters poll of 34 economists showed on Tuesday.
Key Comments:
“At a time when most major economies are battling a new wave of coronavirus cases, Australia has greatly reduced the outbreak, counting only about 30,000 local infections and 910 deaths since inception. of the pandemic “.
“In 2020, on average, the UK economy contracted by 10%, the eurozone by more than 6%, Japan by 5% and the United States by more than 3%“.
“After contracting at a much slower rate than other countries by around 2.5% last year, the economy was forecast to Australia would expand an average of 4.4% this year and 3.2% in 2022 (compared to the 3.5% expected in the January survey). “
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