Australia’s Economic Forecasters Optimistic About 2021

Six months ago, the forecasting team assembled by The Conversation was expecting Australia’s recession to continue into 2021, but today in Feb 2021, the same forecasting team is upbeat.  It expects the recovery that began in the September quarter of last year to continue, propelling the economy forward by a larger than normal 3.2% throughout 2021, with growth slowing to more sedate 2.1% per year by the middle of the decade, still well above than dismal 1.7% per year expected six months ago.

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